US attorney accuses 27 in South Florida of mortgage fraud MiamiHerald.com
Four separate indictments were unsealed Tuesday by the U.S. Attorney’s Office in Miami accusing 27 people in various mortgage fraud schemes against banks and South Florida homeowners.
The charges range from mail fraud to insurance fraud to arson, and highlight the problems that South Florida faces as the nation’s top market for mortgage loan fraud, U.S. Attorney Wilfredo Ferrer said.
“We keep leading the nation in mortgage fraud, and that is something we are working to stem,” he said. “The perpetrators of this fraud have infiltrated every level of the mortgage industry.”
The schemes unveiled Tuesday resulted in more than $30 million in bad loans, Ferrer said.
Two of the cases involve typical mortgage fraud schemes, with straw buyers using falsified loan applications to buy homes at inflated prices while the fraud orchestrators pocketed large portions of the bank loans.
According to the first unsealed indictment, businessman Luis A. Oramas, loan processor Mariela Hernandez, closing agent Elayne Gutierrez, all of Miami-Dade County, and real estate agent Keskea Hernandez-Frei, of Broward County, recruited 13 straw buyers to orchestrate a $20 million fraud on mortgage lenders.
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