A 57-year-old man who obtained $180,000 in loans by forging real estate documents was sentenced in Van Nuys Superior Court to 5 years, 8 months in state prison.
Basil Herman, who was living in a Universal City motel when arrested in August, used a number of aliases to obtain phony driver's licenses, according to Deputy Dist. Atty. Larry Diamond.
Herman would find a home that was fully paid off and forge a quitclaim deed transferring the property from the real owner to himself, Diamond said. After submitting the phony deed to the county registrar-recorder's office, Herman would obtain a loan on the property, Diamond said.
Herman, who worked as a real estate agent, obtained two such loans totaling $180,000 on properties in Sherman Oaks and Los Feliz and was caught while attempting to secure a loan for $110,000 on a Reseda house he did not own, Diamond said.