Guadalupe Ramirez and Augustine Ramirez, Bakersfield, California, have been charged in connection with a mortgage fraud scheme.
Per court documents, Guadalupe arranged for his daughter to purchase properties, where, Augustine received kickbacks ranging from $65,000 to $100,000 from the sellers that were not disclosed to the lenders, thus deceiving the lenders as to the actual purchase price of the properties.
The charges were filed the Kern County District Attorney Office.
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.