Mortage broker sentenced in fraud



A Homestead mortgage broker arrested after being profiled in a Miami Herald investigative series was sentenced Friday for her role in defrauding two lenders.

Yvette Gonzalez Valdes, 50, received 33 months in federal prison for conspiring to commit wire fraud after she pleaded guilty to brokering bogus loans for her son-in-law, Victor Perez, on three properties in South Miami-Dade.

Valdes admitted giving lenders JP Morgan Chase and Argent Mortgage Company false information about Perez’s employment, income and assets.

The Herald’s 2008 series “Borrowers Betrayed” found Valdes’ company, Best Choice Mortgage, had written more than 100 loans based on false and misleading financial information.

In addition to the prison sentence, Valdes was ordered to pay $386,500 in restitution and will serve three years probation following her release.

Read more Real Estate stories from the Miami Herald

Miami Herald

Join the

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category