Here is the result of my research: a letter to the FBI. I also sumitted a 50 page document, which I cannot publish here. Keep in mind, everyone is innocent until proven guilty in a court of law.
Confidential Name
Confidential Address
Confidential City & Zip
June 20, 2012
Special Agents Confidential A & Confidential B
Mortgage Fraud Investigations
Federal Bureau of Investigation
4500 Orange Grove Ave
Sacramento, CA 95841
Re: Mortgage Fraud: Marilyn Bunquin and Associates
Dear Agents A & B,
We really appreciate all the work you are doing to bring all the California mortgage fraudsters to justice. You should know about another real estate and mortgage fraud group which has been playing fast and loose in California. The people involved include Marilyn Bunquin, Edwinna S. Firmeza, Glynn Suratos, Elaine Suratos, Renato Medrano Jr., Luis G. Lorica, and Cynthia S. Lorica. Other players include Yvonne Suratos Rilloraza, Mina B. Macalino, Percival Raquidan, Karen Raquidan, and Laarnie Suratos Cayabyab.
Marilyn Bunquin purchased two homes in Lincoln, CA on March 20 and May 15, 2007. The first house was at 208 Monteverde, which she purchased from Edwinna S. Firmeza for $1,159,000 using 100% owner occupied financing. Firmeza purchased the home 18 months earlier for $960,000 and she cleared $199,000 on the sale. It is likely she kicked back some mortgage fraud funds to Bunquin and took some for herself. Firmeza never lived in the home. Firmeza is an agent with Complete Realty, 31818 Alvarado Blvd, Union City, CA 94587, (510) 431-5388. Complete Realty handled the listing and sale of the house. Bunquin never occupied the house and within a few months it was rented. Even more strangely, the property was in default 7 months later, indicating a first payment mortgage default.
The second home purchased by Marilyn Bunquin was at 5240 Monteverde on May 10, 2007. She purchased this home from Renato Medrano Jr. for $1,450,000. She obtained a $1,000,000 first mortgage and a $305,000 second mortgage, both from Washington Mutual. The seller was Renato Medrano Jr. who purchased the property 20 months earlier for $1,212,000. He cleared $238,000 above his acquisition cost, though it is likely he split the mortgage fraud proceeds with Complete Realty and Ms. Bunquin. Curiously, Edwinna S. Firmeza was the Notary Public certifying Medrano’s Grant Deed to Bunquin. Ms. Firmeza is an agent at Complete Realty and the seller of the 208 Monteverde home to Bunquin. The mortgage for this property was also in payment default 5 months after the sale, indicating she never made the first mortgage payment.
What is really curious about Marilyn Bunquin’s purchase of 2 homes for $2,609,000 in early 2007 is that just a few months earlier, she purchased 38288 Columbine Place, Newark, CA 94560 from Luis and Cynthia Lorica for $900,000! Bunquin obtained owner occupied 100% financing from Pro 30 Funding. Marilyn Bunquin was in payment default 8 months later, indicating this was also a first mortgage payment default. So while she was purchasing two homes in Lincoln for $2,609,000, she was simultaneously defaulting on a $900,000 loan in Newark. It appears this felony mortgage fraudster is worthy of a nice long prison term.
It gets even worse. While Bunquin was in default on the Columbine home loan, every 90 days she would record a subordinate lien to forestall foreclosure. Lillian Kingman of 2857 Dune Circle, evidently “lent” her $40,000 on July 2, 2007 (but not recorded until Dec. 10, 2007), even though the first mortgage was already in default! Percival Raquidan evidently “lent” her $25,000 on November 30th, 2007 (not recorded until March 24th, 2008). Ms. Raquidan must have been renting a room from Bunquin, as Raquidan lists her residence as the subject property on Columbine. Finally on Feb.1, 2008 (and not recorded until July 21, 2008), Laarnie Suratos Cayabyab “lent” Bunquin $30,000. While Bunquin purchased the property in December, 2006, it took until July 24, 2008 to perfect the foreclosure. The lender, now wise to the multiple fraudulent subordinate financings, was able to set aside the 2nd, 3rd, and 4th trust deeds and take back the property.
So how did Ms. Bunquin arrange all these transactions? Enter Glynn Suratos. The Loricas purchased the Columbine house from Glynn and Elaine Suratos before they sold it to Bunquin. Glynn Suratos is an agent of Complete Realty and he and his wife Elaine have multiple mortgage fraud and foreclosure properties of their own (4000 Monteverde, 1344 Hillwood Loop which are both in Lincoln, and 38374 Amaryllis, in Newark). It is likely Glynn Suratos orchestrated many of these activities for Bunquin. Many of the parties named in this letter own properties in Newark and in Lincoln and have fraud issues of their own.
Bunquin has learned how to play the Mortgage Fraud game very well. The two houses she purchased in Lincoln on Monteverde have been in default since late 2007. Just like she did with the Newark house on Columbine, Bunquin is filing serial trust deeds to delay the foreclosure.
The 208 Monteverde house has a third Trust Deed, again for $25,000 from Karen Raquidan (not Percival this time) entered into the 30th of November, 2007, but not recorded until April 9th, 2008. It was notarized by Yvonne Suratos Rilloraza! Karen Raquidan also lists her address as the house Bunquin owned at 38288 Columbine Place, Newark, CA. The house at 5240 Monteverde has a third Trust Deed, again for $25,000 on the 20th of October, 2007, but not recorded until February 5th, 2008. Guess who the notary public was? Glynn Suratos! It is strange how all these people are lending money to Bunquin when she is in first payment mortgage default on three houses. These “lenders” may be conspiring with Bunquin and need to experience some jail time of their own!
Bunquin may not be making her mortgage payments, but she seems to be paying her attorney to stretch out the foreclosures. She still “owns” the two houses on Monteverde and is renting them for a combined $4,800/mon. She is in arrears with the property tax collector for $25,000 and has $20,000 in liens for failing to pay her neighborhood HOA assessments. The lender on the Columbine house in Newark lost $440,000 when they finally recovered some money. In the meantime, Bunquin has owned the Monteverde houses for over 5 years, appears to have never made a loan payment, burned the tax collector and stiffed the HOA. Yet she has collected over $250,000 in rental income. This seems like grand theft on an enormous scale. Bunquin borrowed over $3,500,000 and the banks will be lucky to get $1,000,000 of it returned. Ms. Bunquin seems to be inherently evil in stealing over $2,500,000.
I trust you will find the enclosed documents as evidence sufficient to open a file on Marilyn Bunquin, the property sellers and the team of allegedly fraudsulent real estate agents at Complete Realty. You should also know Complete Realty seems to have changed their name to Excellent Realty Group, Inc., using the same address and having many of the same ages. It is likely the Bunquin sellers and agents received kickbacks from this apparent mortgage fraud activity. The notary publics seem to bless each others’ apparently fraudulent documents with one hand, while the seemingly earning sales proceeds and real estate commissions with the other! Enclosed with this letter is all the documentation supporting these activities. If you need anything further to prosecute any or all of them, feel free to call.
Sincerely,
Confidential Name
XXX-XXX-XXXX
Cc: Department of Real Estate, CA
Internal Revenue Service
Brokers of Record
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