Mortgage Broker Charged With Using I.D. Stolen From Customers To Buy Two Homes That Have Since Gone Into Foreclosure

In Marion County, Oregon, KTVZ-TV Channel 21 reports:

• Salem police arrested a mortgage broker accused of stealing personal information to buy houses - one during the height of the housing bubble and the other after it popped. Lt. Steve Birr says 38-year-old Julian Ruiz of Keizer financed a $376,000 home in 2006 by using stolen personal information from a customer. The house went into foreclosure the next year. Birr says Ruiz stole another customer's information to buy a $417,000 house in 2008, and that place also went into foreclosure. Ruiz has been lodged at the Marion County jail on charges of mortgage fraud, identity theft, theft by deception, forgery and issuing a false financial statement.

Source: Salem mortgage broker charged with fraud.