Mortgage Broker Swindled Sweta Patel Out of Quarter Million Dollars
“I was excited to start a new beginning when I decided to move to Las Vegas, I worked extremely hard to climb the corporate ladder”, said Sweta Patel.
Sweta continued, “It wasn’t easy but I was saving to buy my dream home. I saved over thirteen years. In October 2020, I started shopping for lenders that would pre-qualify me for the home”.
One lender, Habiba Bakous from Fairway Independent Mortgage came highly recommended. Bakous also mentioned that she could get Sweta the best deal in town. In March 2021, Bakous informed Sweta that the IRS took back all loan programs and she couldn’t qualify her. This put Sweta in a tough spot because she only had 15 days before closing and all the other lenders could not work with her after their February cutoff date.
Bakous mentioned that Sweta had one other option and that was to obtain help from her partner Albert Peres. She drove Sweta to his house, and he talked about how he’d be able to help her.
Bakous then had me wire him everything Sweta owned (over $260,000) and told her that she would be ready to move into my home in 10 days.
Bakous mentioned many times that the money was protected, and that Albert Peres is an honest man. Sweta was convince that she could trust Bakous because she was a licensed mortgage lender working for Fairway Independent Mortgage. When 10 days passed and Sweta didn’t hear from Bakous. Bakous told Sweta to obtain a PPP loan because the process was taking longer than expected.
This is when Sweta realized that Albert Peres and Habiba Bakous were in this together. Sweta called the police department, Nevada Mortgage Division, Attorney General’s office, FTC, FBI, Nevada Secretary of State office, along with many other government agencies. Sweta was astonished that someone got away with defrauding her of everything she owned.
None of these government agencies did a thing to help Sweta. It got her wondering a lot about how the public is protected… or are they? Then Sweta interviewed 60 lawyers to find one that would help her on contingency. Sweta lost everything, and have come to terms with the fact that she will have to start over.
“This can happen to anyone. If I could go back in time I would have done an extensive background check on all these people. You are never protected, and you can’t trust anyone,” Sweta said, adding, “deception can happen to anyone and there are many desperate people out there that would do anything to fool you and take you for everything you own.”
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