Fraud Scheme Ends in Conviction of California Mortgage ‘President’

National Mortgage News, May 16, 2023–Spencer Lee (subscription)
Robert Sedlar, former president of Grand View Financial, was found guilty in state Superior Court in Sacramento, California, on counts that included conspiracy, filing a false document, grand theft, elder abuse and prohibited acts by a foreclosure consultant. Between 2015 and 2019, his company targeted at-risk homeowners statewide — many of whom were elderly and in financial distress — with promises to wipe out their mortgage lien in exchange for transfer of the title deed to Grand View and fee payment. Homeowners were guaranteed their debt would be eliminated when the deed was returned to them.