Oregon Attorney General Cracks down on mortgage broker, indicting him for fraud

September 25, 6:17 PMPortland Mortgage ExaminerScott Schneider

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Oregon Attorney General John Kroger

Mortgage Fraud and Modification scams have run rampant this last year, however, government officials are cracking down and going after those who are taking advantage of stuggling home owners.  

According to Tony Green, spokesperson for the Oregon Department of Justice:  Attorney General John Kroger today announced the indictment of a Salem mortgage broker on charges of mortgage fraud, aggravated theft, forgery and identity theft. It is the first indictment by the Attorney General's Mortgage Fraud Task Force.

"We intend to prosecute mortgage fraud aggressively. If you cheat vulnerable Oregonians facing foreclosure, we will hold you accountable," said Attorney General Kroger.

Julian James Ruiz III, 38, is the manager and owner of American Home Modifications, a Salem-based loan modification company. He faces 17 counts of first degree aggravated theft, mortgage fraud, identity theft, aggravated identity theft, forgery in the first degree and criminal possession of a forged instrument in the first degree.