Sacto 9-1-1
July 20, 2011
Sacramento real estate professionals charged with $4 million mortgage fraud

Seven Sacramento-area real estate professionals have been charged with committing mortgage fraud with losses totaling $4 million.

Moctezuma Tovar, 42, owned and operated Delta Homes and Lending, Inc., where Sacramento residents Manuel Herrera, 31, Ruben Rodriguez, 34, and Jaime Mayorga, 32, worked as licensed real estate agents.

A former loan officer, Sandra Hermosillo, 49, of Woodland, along with former loan processors and Jun Michael Dirian, 38, of Antelope and Christian Parada Renteria, 35, of Sacramento also worked for Tovar at Delta Homes.

Between October 2004 and May 2007, the defendants allegedly provided mortgage lenders with false and fraudulent loan applications on behalf of their clients, falsely representing the borrowers' assets, income, liabilities, debts, employment statuses, and citizenship statuses.

The seven real estate professionals also allegedly provided money to their clients to inflate the appearance of their assets and bank account balances. The borrowers then reportedly returned the money after a mortgage loan was secured.

The case was extensively investigated by the FBI. The agency found that aggregate sales prices of the homes involved in the conspiracy exceeds $10 million.

If the defendants are convicted, they could face a statutory penalty of 30 years in prison and a $1 million fine.

On October 14, The Sacramento Bee will temporarily remove commenting from sacbee.com. While we design the upgrade, we encourage you to tell us what you like and don't like about commenting on sacbee.com and other websites. We've heard from hundreds of you already and we're listening. Please continue to add your thoughts and questions here. We also encourage you to write Letters to the Editor on this and other topics.



About Sacto 9-1-1

Sacto 9-1-1 is a blog on crime and emergency services news in the Sacramento region.

Send feedback on Sacto 9-1-1 to Assistant Metro Editor Anthony Sorci at asorci@sacbee.com

Subscribe to Breaking News Alerts

FOLLOW US | Get more from sacbee.com | Follow us on Twitter | Become a fan on Facebook | Watch Bee news, lifestyle videos | View our mobile versions | e-edition: Print edition online | What our bloggers are saying

Sacto 9-1-1 Q&A

Bee reporters answer questions about area crime news, trends and other issues. QUESTION: A couple of years ago, a Sacramento tax attorney named Roni Deutch was the target of an investigation by the California Department of Justice. She was accused of bilking clients out of millions and defying a court (Read More)

More Questions and Answers
See all the crime Q&As
Submit your question

April 2014

Sun Mon Tue Wed Thu Fri Sat
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30      

Monthly Archives


Kim Minugh on Twitter

Follow "Kim_Minugh" on Twitter

Local Agencies on Twitter

Categories