California Real Estate Fraud Report

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Family of 3 Under Arrest for Mortgage Fraud

Maria Quijada Ramirez, 54, was arrested December 8 under an arrest warrant having to do with an alleged $4.1 million mortgage fraud. Her husband Augustine Ramirez has already been arrested for allegedly acting as a straw buyer. He purchased five homes, stating on the loan application each time that he planned to live on the property.

Guadalupe Ramirez, the daughter of Maria Ramirez and Augustine Ramirez, is a real estate agent. She and her father are accused of getting kickbacks from the sellers of the properties and obtaining inflated appraisals on the homes Augustine was purchasing.

Deputy District Attorney Gordon Isen is the head of the Kern County D.A.’s Mortgage Fraud Unit.

Read the full article in the Bakersfield Californian.

© 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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