Phoenix man pleads guilty in fraud case involving home loans

PHOENIX (AP) — A Phoenix man has pleaded guilty to one count each of fraud and money laundering for what state prosecutors say was a scheme to get cash loans by using victims’ homes as collateral.
The Arizona Attorney General’s Office says a plea agreement requires Daniel Barraza Nevarez to serve at least eight months in jail and to pay $21,708 of restitution for victims’ legal fees.
The office says Nevarez filed fraudulent quit-claim deeds transferring ownership of homes