Delton Alexander Ramirez, 29, Upland, California, was arrested on September 2, 2008, by Investigators with the San Bernardino County District Attorney's Office Real Estate Fraud Prosecution Unit, on several felony counts of forgery, offering a forged document to be recorded, and one felony county of identity theft.
In November 2007, Ramirez, a licensed real estate agent, introduced himself to the elderly victim at her home in the City of Riverside, California, and told her that he could lower her monthly mortgage payment. The victim agreed to refinance her home in Riverside. During the refinance process, Ramirez submitted an additional loan application in the name of the victim for a home located at 1408 Estrellita Court, Upland, California.
Countrywide Home Loans approved the loan for $413,250.00. The victim received a telephone call from Countrywide Home Loans to inquire about her $3,300.00 a month payment due for the Upland house and discovered that someone had used her confidential identity to fraudulently purchase the home in her name. After a thorough criminal investigation Ramirez was identified as the primary suspect in this fraud for housing scheme.
His bail was set at $413,250.00
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.