California Real Estate Fraud Report

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Ramirez Family Members Get Prison for Mortgage Fraud

Two parents and their daughter who conspired to defraud banks have been sentenced to prison for their crimes.

Augustine Ramirez, who pleaded no contest to conspiracy andgrand theft, received a four-year sentence. His crimes was submitting loan applications, for five properties, in each case telling the lender his intent was tolive on the properties (mortgage fraud, loan fraud). Maria Ramirez, his wife, and Guadalupe Ramirez, his daughter, each received six-year sentences for conspiring to obtain inflated appraisals and lying to the sellers of the properties. Several appraisers, all unnamed, have been sanctioned by the state Office of Real Estate Appraisers for “errors and omissions” in their appraisal work (appraisal fraud).

Read the original 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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