Real Estate Agent Sentenced to Prison
Federal Judge Marilyn Huff sentenced Alejandro Lopez to three months in prison and four months in residential re-entry center. Alejandro Lopez is a former real estate agent who helped broker home to loans to 200 people who doesn’t have the ability to pay for these. The real estate agent overstated borrowers’ incomes, paid for fake tax returns, transferred their own money into their clients’ bank accounts and pretended to be the borrowers’ employers when lenders called for references.
Lopez and his brother ran a Real Estate office in San Marcos. The Federal judge Marilyn Huff cited the growing number of mortgage fraud cases.
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