7NEWS Investigates Mortgage Loans Issued To Illegal Immigrants

Carolyn Hileman* | December 1, 2006

Justin Goodman’s Family Says He Would Be Alive If Not For Loans
DENVER — Colorado’s housing foreclosures are nearing a record, driving down prices and damaging neighborhoods and one reason is mortgage fraud.

A hit-and-run death has led 7NEWS investigator John Ferrugia on a trail to what may be a ring involved in setting up illegal immigrants with fraudulent mortgages.

Daniel Martinez-Ruiz is an illegal immigrant charged this month with using phony documents to purchase property. His wife Conception Hernandez is charged with similar crimes and is out on bail.

7NEWS Investigators first learned about them and the questionable loans after they began investigating the death of Justin Goodman, who was killed in 2004 by a hit-and-run driver at 88th Avenue and Colorado Boulevard.

The man who killed him and who is now serving time in prison is Roberto Martinez-Ruiz, another member of the same immigrant family.

So, how could he and his family get mortgages to buy homes?

“There’s lenders out there that will do a completely fraudulent loan to get them a house so that they can stay here,” said John Vizzi.

Vizzi is in the real estate and mortgage lending business and he is the uncle of Goodman.

7NEWS’ investigation has found that the immigrant family used phony documents, and in apparent collusion with realtors and lenders, received fraudulent loans to buy two homes in Thornton which were backed by F.H.A. loans.

“My nephew would definitely have been alive today if they hadn’t made those loans,” said Vizzi.

The immigrant family applied for a loan to buy a house on East 77th Avenue

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