California Real Estate Fraud Report

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Bakersfield Man Gets 10-Year Sentence for Mortgage Fraud

Eric Ray Hernandez, 37, of Bakersfield, has been sentenced to federal prison for 10 years and 10 months after admitting the role he played in a mortgage fraud that cost lenders over $6 million.

U.S. Attorney Benjamin Wagner of the Eastern District of California said that Hernandez and others conspired to submit loan applications and supporting financial documentation to lenders containing false information (loan fraud, mortgage fraud). The results of his efforts led lenders to underwrite the loans causing the losses.

The judge, United States District Judge Anthony W. Ishii, ordered Eric Ray Hernandez to pay restitution of $6,087,541 to the victims of his crimes along with a forfeiture judgment of $6,037,541 to the United States.

The original information can be found in the press release for the US Attorney’s Office.


© 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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