Mortgage fraudsters arrested in Guardamar and Torrevieja
Victims have come forward in Orihuela, Torrevieja and Castalla
Two Dutch nationals have been arrested by the Guardia Civil on charges of committing at least 15 crimes of fraud by offering non-existent loans to non-Spanish clients in Murcia and Alicante and then being paid for their “administrative services”.
The two men, aged 32 and 38, are believed to have “earned” at least 80,000 euros in this way, and are now being held in custody while further investigations are carried out. The possibility of more victims of their scam coming forward has not yet been ruled out.
The investigation was launched when reports were received by the Guardia that various clients of a Los Alcázares estate agency had been tricked into accepting the offer of mortgage loans with unusually attractive repayment conditions, including exceptionally low interest rates. These fictitious mortgages were for 100% of the purchase price of the homes concerned, but among the charges made for contracting them were 295 euros for an official valuation and then between 2,000 and 5,000 euros in notary costs and other expenses.
These amounts were paid via bank transfer, but on arrival at the notary’s office to sign the mortgage documents the clients were not met by the two Dutchmen, who had effectively disappeared without trace after receiving payment. However, the Guardia tracked them to residential developments in Guardamar del Segura and Torrevieja in the neighbouring province of Alicante, where they were living lives of luxury despite having no accredited source of income in Spain.
It was then found that in the bank account of one of them there were incoming transfers totaling 80,000 euros, including various for 295 euros, and this led to the detention of the two men.
The 15 victims so far identified were clients of estate agencies in Los Alcázares, Los Belones, Balsicas and Fuente Álamo in the Region of Murcia and Orihuela Costa, Torrevieja and Castalla in Alicante, and a further 200,000 euros of income from accounts in the UK, the Netherlands and the USA are still under investigation. The case is now in the hands of the courts of San Javier.