Salem mortgage consultant accused of defrauding clients, police seek more victims

Article author: 
Tony Hernandez
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Article date: 
Tuesday, April 12, 2016
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A mortgage consultant has defrauded at least eight people in five cities...

Oscar Tejada-Sandoval was arrested late last month after police say he stole $63,000 from the eight individuals -- including two who lost their homes to foreclosure...

Investigators said he modified his victims' mortgages and had their statements sent to him. But instead of making their monthly payments, police say that he kept the money for himself....

Police also contend that Tejada-Sandoval used client accounts to pay off personal debts...

The investigation began after the victims alerted banks, law enforcement and the Oregon Division of Financial Regulations. Investigators found victims in Beaverton, McMinnville, Woodburn, Eugene and Salem.

Tejada-Sandoval was arrested March 30 at his West Salem home on accusations of first-degree theft, aggravated theft, aggravated identity theft and forgery, police said. He was taken into custody by U.S. Immigration and Customs Enforcement, Felton said, but it's not clear where he's currently being held.

"We are still actively prosecuting our case," Felton said, "and we hope to have him available for prosecution once he's completed the ICE process."

Anyone with information about Tejada-Sandoval is asked to contact the financial regulations office at 503-947-7854.

— Tony Hernandez