Mortgage News

Delton Alexander Ramirez, 29, Upland, California, was arrested on September 2, 2008, by Investigators with the San Bernardino County District Attorney’s Office Real Estate Fraud Prosecution Unit, on several felony counts of forgery, offering a forged document to be recorded, and one felony county of identity theft.

In November 2007, Ramirez, a licensed real estate agent, introduced himself to the elderly victim at her home in the City of Riverside, California, and …

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Original post by default@goarticles.com (Simon Burgess)

Fanny Velasquez, 54, Victorville, California, pleaded guilty on August 21, 2008, to forgery and was sentenced to 16 months (suspended) in state prison as part of a plea agreement where she is released to INS and deported to her native Columbia. The issue of restitution has been reserved.

In December 2003, the victim was attempting to purchase a residence in Victorville, California when she was turned down for credit because it showed …

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Original post by default@goarticles.com (Juhani Tontti)

John Christopher Foster, 50, formerly of Rancho Cucamonga, faced felony charges involving several counts of Real Estate Fraud-related offenses.  In 2005 and 2006, Foster forged the victim’s signature on a Grant Deed and Deeds of Trust for property located in the city of Fontana, California. Subsequently, Foster sold the Fontana residence for $675,000. 

Investigators from the San Bernardino County District Attorney’s Real Estate Fraud Unit found that Foster …

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Original post by default@goarticles.com (Jeff)

Gregory Craig Sandoval, 25, and Souha Nabil Traboulsi, 40, both of Los Angeles, were charged with conspiracy to commit mortgage fraud against San Bernardino County residents. The on-going investigation into the actions of Eric Pony and his companies, Lifetime Financial, Nations Mortgage, and Green Leaf Lending, led to the discovery of evidence linking Sandoval and Traboulsi to the scheme.

On July 8, 2008, District Attorney’s Investigators from …

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Original post by default@goarticles.com (Nick Kent)

California Attorney General Edmund G. Brown Jr. disclosed “shocking new details” about Countrywide Financial‘s deceptive business practices which included ignoring their own underwriting guidelines and rewarding employees for selling risky home loans.

On June 20, 2008 Attorney General Brown sued Countrywide for engaging in deceptive advertising and unfair competition by pushing homeowners into risky loans for the sole purpose of reselling the mortgages on the secondary market. Brown filed an
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Original post by default@goarticles.com (David Smith)

Joy Johnson, 33, Vacaville, California, Cory Whalen, 33, Solano County, California, Elizabeth Carrion, 38, Vacaville, California, Lenin Galeano, 32, Vacaville, California, Carmen Galeano, 30, Vacaville, California, Angelito Evangelista, 39, San Francisco, California, Clarisa Ang, 43, Elk Grove, California, Cris Ang, 46, Elk Grove, California and Lydia Ang, 71, American Canyon, California, were indicted in connection with a mortgage fraud scheme involving the purchase of 13 real estate …

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Original post by default@goarticles.com (Andy Adams)

Robert Martinson, 45, Newcastle, California; his wife, Sheryl Hayden, 41, also of Newscastle Kathleen Delapp, 44, Auburn, California; Melissa Villegas, 34, Sacramento, California; and her husband Rick Villegas, 31, Sacramento, were charged in an eight-count indictment with conspiracy to commit bank fraud and other related charges in a mortgage fraud scheme.

According to Assistant United States Attorney Russell L. Carlberg, who is prosecuting the case, the indictment alleges that …

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Original post by default@goarticles.com (Robert)

A federal grand jury in Los Angeles, California, has indicted four people in a mortgage fraud scheme that collected approximately $4 million in loan proceeds for properties that were not for sale. Those named in the indictment and charged with conspiracy, wire fraud and money laundering are:
Angela Cotton, 38, Fontana, California, who allegedly ran a bogus title company and who self-surrendered to federal authorities;
Terral Toole, 40, Irvine (formerly …

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Original post by default@goarticles.com (Robert)

Two mortgage fraud fugitives have been arrested: Angel Armendariz, 27, and Rafael Santiago, 39. The arrests took place in San Diego and Los Angeles, California. Both fugitives were arrested pursuant to a federal arrest warrant involving federal fraud charges.

The first arrest occurred at approximately 8:30 a.m., on June 24, 2008, at the San Diego FBI Office located at 9797 Aero Drive, San Diego. At the time of the arrest, Angel …