California Real Estate Fraud Report

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05
Sep

Realtor Uses God to Commit Fraud in Santa Cruz County

Realtor Maria Avila of Rancho Grande Real Estate had a creative marketing plan to find buyers of her listed properties: she advertised to migrant farm workers and convinced them they could afford to buy one of her houses.

Alberto and Rosa Ramirez, their friend Jesus Martinez and his wife and the couples’ combined 6 children were in a new house in Hollister by Christmas of 2005. Part of Avila’s pitch was that she had narrowly escaped death in Cancun months before and had promised God she would help a low-income family.

What Avila did not tell the borrowers was that, in order to qualify them for the teaser loan she submitted, Mr. Ramirez had been “promoted” to being the owner of an agricultural farm, not a strawberry picker. When their loan adjusted months later, all hell broke loose.

Read the Full Article in Metro Santa Cruz.

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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