Edgar Bernal Duarte, 29, Chula Vista, Calfiornia who worked as a loan consultant at Sell and Save Realty and Loans, was indicted July 14, 2005 on charges of forgery, fraud and theft, according to media reports. The charges arise from allegations that he represented himself as a real estate salesperson and lender but did not perform the services after being paid. Duarte was not licensed to sell real estate or handle mortgage loans. According to media reports, Duarte passed a bad check for $35,000, forged deeds and financial papers and threatened to injure a man he'd defrauded, according to the indictment.
A San Diego Superior Court Judge refused to accept bail from Duarte’s mother due to reservations regarding the source of funds.
Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.