Miami-Dade Cops Haul in 11 - Seek 2 Others - In 3 Separate Alleged Mortgage Schemes
In South Florida, the Miami Herald reports:
- In the first roundup of suspects under a new campaign to crack down on home loan fraud in Miami-Dade County, 11 people -- brokers, borrowers, sellers and title agents -- were arrested in three separate mortgage fraud schemes, police announced Friday.
The second case involved an alleged "cash back at closing" - straw buyer scam involving straw buyer Fernando Prado, 47, who worked with mortgage broker Tomas Tamayo, 39, and title agent Damaris Vallin, 36, to allegedly pull $75,000 in cash from a fraudulent closing. All three have been charged; the house is now in foreclosure.
The third case also involved an alleged cash back at closing scam. A homeowner tipped off cops when approached by a buyer with an offer of approximately $100,000 more than the asking price for his condo. The buyer allegedly wanted the money to be returned to him as cash back at closing, purportedly to make renovations to the property. Police arrested Nestor Camacho, 46, who allegedly acted as the buyer in the deal and title and closing agents David Rodriguez, 44, and Monica Zuluaga, 31. The mortgage broker allegedly involved, Jose Delgado, 26, has a warrant out for his arrest, police said.
For more, see 11 mortgage-fraud suspects arrested (Miami-Dade police rounded up 11 suspects who allegedly used stolen and falsified documents to commit mortgage fraud).
See also, 11 Arrested In Mortgage Fraud Schemes (CBS 4, Miami, FL) identity theft
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