California Real Estate Fraud Report

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Two Chula Vista Men Charged with Loan Modification Fraud

Two Chula Vista men who alleged ran a loan modification scam have been indicted for mail fraud and money laundering.

Jose Ruiz, 37, and Christian Hidalgo, 36, are accused by the U.S. Attorney’s office of stealing more than $1.5 million from more than 400 homeowners between March 2009 and October 2011. They allegedly contacted homeowners who were struggling with their mortgages and told them they were affiliated with the U.S. Department of Housing and Urban Development (HUD). They then convinced the homeowners to send their mortgage payments to “escrow” companies but were instead deposited to firms the men controlled.

Hidalgo controlled “Expo Enterprises” “My Community Outreach” and “National Resource Services.” Ruiz owned “UHUD,” “Casa Nuestra” and “Equity Choice.”

Read the original article in UT San Diego.

© Copyright 2007-2018 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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