Rachel Dollar is an attorney and Certified Mortgage Banker who handles fraud recovery litigation for lenders and secondary market investors nationwide. She is a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is licensed to practice law in California and maintains offices in Santa Rosa, California. Email Ms. Dollar
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Women Arrested For Stealing Patient Identity To Obtain Loan
Erica Kaprice Pollard, 37, Colton, California, was arrested at the Kaiser Permanente Riverside Medical Center, where she was employed as a licensed vocational nurse. Pollard used her position to access the confidential medical records of a 72-year old cancer victim. The information was provided to another suspect identified as Gwendolyn Monique Steele, 39, Fontana, California, who applied for a cash out mortgage refinance loan in the amount of $165,000.00, against the victim’s property located in the city of San Bernardino, California. Steele has been arrested and charged in this case.
A second suspect arrested at her home in Hesperia, California, by investigators has been identified as Sarah Nicole Dayton, 24. She was charged with conspiracy after she claimed the victim was her grandmother and had given her the property. Dayton appeared before a notary public and signed loan documents to obtain some of the cash out money from the fraudulent mortgage refinance loan. In November 2007, the notary public was identified as Fredericka Louise Wright, 26, Redlands, California. She was charged with and subsequently arrested for conspiracy. Another suspect identified as Lakyia Sharvonte Jackson, 24, San Bernardino, was arrested for conspiracy after it was determined that her cellular telephone was provided to the escrow officer at First American Title Company in Santa Cruz, California. Jackson had claimed to be the victim’s daughter.
On Thursday, April 17, 2008, Wright and Jackson pled guilty to the conspiracy as charged and will be formally sentenced on May 22, 2008, in Department S-23 in San Bernardino.
Prosecutors Say Real Estate Fraud Was Motive In San Ramon Murder Inside Bay Area - Oakland, CA
Prosecutors charged an El Sobrante man today in connection with the murder of a San Ramon man that appears to have stemmed from an alleged real estate fraud involving a piece of property in North Richmond.
Local Family Wins Sweepstakes, Has Mortgage Paid Off KSDK - St. Louis, MO
A St. Clair family no longer has to worry about paying a mortgage after winning a contest promising a free home mortgage..."I thought it was a scam that this wasn't real...no way this could happen to us," Michno said.
Scam Artists Move In As Foreclosure Crisis Builds In Salinas Monterey County Herald - Monterey, CA
Hernandez told them it would better to stop paying their mortgage because they were going to lose the house anyway. He then offered his services to help them sell the property, and had paperwork ready for the couple to sign.
Fraud Alert Issued After Mortgage Files Dumped Denver Post - Denver, CO
Consumers who did business with Cove Creek Mortgage Co. could become victims of identity theft after company files were thrown into a Dumpster over the weekend, officials warned.
Mortgage-Fraud Bill Heading To Crist Bradenton Herald - FL
In the wake of Florida's real estate downturn and rapid rise in foreclosures, the state Senate passed a second bill in as many years Tuesday increasing the penalties for those convicted of mortgage fraud.
Foreclosures Have Rental Fraud Cases On The Rise In Florida TCPalm - West Palm Beach, FL
...But Perham didn't know the man he was paying had allowed the house to go into foreclosure in April 2007 — before getting a renter. Perham's landlord didn't own the house...The bank did.
Stewart Title Ltd. Offers Lenders Cover Against Loss Resulting From Mortgage Fraud Business Wire - San Francisco, CA
Mortgage fraud manifests itself in several ways. Some fraudsters choose to alter the deeds to obtain the mortgage or lead the lender to believe that other parties to the transaction are agreeing to the loan. Larger frauds tend to include various parties in collusion to benefit from the illegal mortgage proceeds. By the time the fraud is uncovered, the fraudster will have disappeared with the proceeds of the fraudulent mortgage while the lender faces significant financial loss.
Crisp & Cole To Face Judge Over Alleged Scam TurnTo23.com - Bakersfield, CA
David Crisp, Carl Cole and several of their former employees will face a judge for allegedly taking lenders on a wild ride.
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The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud cases and mortgage banking matters nationwide. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about mortgage banking, mortgage fraud matters or who believe they require legal counsel should seek the advice of an attorney. The creators, editors and sponsors of Mortgage Fraud Blog do not intend to create a confidential relationship or an attorney-client relationship by communication via or arising from this site.