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Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States.
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 Rachel Dollar, the editor of Mortgage Fraud Blog, is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors. She is an author and a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is a shareholder with the law firm of Smith Dollar, PC, is licensed to practice law in California and maintains offices in Santa Rosa, California. Email Ms. Dollar
Mortgage Fraud Blog is co-sponsored by Interthinx the leading provider of fraud services and solutions for the mortgage industry.
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Bergin Financial v. First American, et al.
Copy of Civil Complaint - Available on Mortgage Fraud Blog
Bergin Financial, Inc. filed a civil lawsuit against First American Title Company A&S Appraisal Group, Inc. Lincoln Title Company Caliba, LLC dba Omicron Development Aaron Rentals, Ltd. Brody Rentals, Ltd. Burlingame Enterprises, Ltd. Cancun Properties, Ltd. Daniel Rentals, Ltd. E&R Rentals, Ltd. G&G Rentals, Ltd. Grossman Rentals, Ltd. H&D Rentals, Ltd. Jerome Rentals, Ltd. LBS Realty, Inc. Lole Rentals, Ltd. Premier Rentals, Inc. Seth Rentals, Inc. Susan Rentals, Ltd. Z&S Enterprises, Inc. G&G Realty & Consultant New Detroit Real Estate Management, LLC Robert D. Willey, A&S Appraisals Kevin Bluhm, Lincoln Title Terry Barnes, Omicron Roderic Light, Omicron Mark Shows, New Detroit Mary Kathryn Decuir, real estate broker, G&G Hyman Stollman, associated with various named entities Barbara Stollman, associated with various named entities Alvin Weathersby, borrower Bilal Muhammad, borrower Carl Jones, borrower Charles Wilson, borrower Dion Williams, borrower Janet Howard, borrower Marlon Wilson, borrower Michael Richardson, borrower Paul Durnik, borrower Rosemarie Nance, borrower Shawn Wesley, borrower Stevie Green, borrower Valeria Springer, borrower Willie Flowers, borrower The complaint alleges a mortgage scheme in which Bergin funded 63 mortgages in Detroit, Michigan. The scheme is alleged to have involved inflated appraisals, fraudulent loan applications, asset verification documents and credit verification documents. According to the complaint, the Stollmans or their businesses agreed to provide 90 or more properties to Omicron to sell to borrowers for inflated amounts. The Stollmans or their businesses would receive $20,000 of the proceeds per property. The borrowers were allegedly offered a portion of the loan proceeds and Omicron agreed to make the payments, collect rents and maintain the properties. The sales to the borrower were done as simultaneous closes with the Stollman entities transferring title to Omicron and Omicron transferring title to the borrower. The scheme is alleged to have involved at least $2.8M in loans.
Posted by Rachel Dollar on 01/13/05 at 03:13 AM
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Some Sources require Registration.
Marco Island Man Arrested in Ohio on Grand Theft Charge
Naples News
A man who claimed he was a broker is accused of bilking a long-time family friend out of more than $130,000.
Failed Mortgage Firm Trustee Allowed $50,000 in Fees
Union Leader
U.S. Bankruptcy Court Judge J. Michael Deasy will approve $50,000 in legal fees for the trustee of failed mortgage brokerage businesses Financial Resources Mortgage Inc. and CL&M Inc.
Bend Oregon Event to Help Homeowners Prevent Foreclosures
Oregon.Gov
As part of an ongoing effort to help homeowners avoid foreclosure, state agencies are organizing a foreclosure-prevention event in Bend on Saturday, March 27, 2010.
Shelbyville Man Gets 2-Year Sentence For Loan Fraud
Chattanoogan.Com
Prosecutor Gary Humble said the lost was approximately $2.3 million in the mortgage fraud involving hundreds of homes in the Shelbyville area.
Lend America, VP Ashley Banned from FHA
Housing Wire
Michael Ashley, the embattled former vice president of Federal Housing Administration (FHA)-backed mortgage originator Lend America, and the company he worked for, were permanently banned from doing business in the industry last week.
Countrywide Tries to Pin Blame on Insurer
Court House News
Countrywide Home Loans demands $111 million from Triad Guaranty Insurance, claiming Triad is trying to blame mortgage lenders for the insurer's role in the housing bubble and collapse.
Investors Say They Were Swindled in Property Scheme
Fox 13 Now
Utah Division of Consumer Protection is joining forces with a few investors who claim they have been cheated by an agency called "Utah Mini Ranches.
Greenfield Man Accused of Housing Scam
The Republic
A former real estate agent conned at least eight people by renting them properties actually owned by a federal agency and then running off with their deposits, prosecutors said.
Appraisal Institute Opposes Obama Administration's Plan for Homeowner 'Short Sales'
PR News Wire
Citing concerns about increased mortgage fraud, four organizations representing more than 35,000 real estate appraisers today voiced their opposition to changes to an Obama administration program that will encourage "short sales" of homes.
Ownership Rights to Get Another Look
TBO.Com
State lawmakers may beef up protections of property owners' rights by rewriting a law this spring that is at the center of a case of alleged fraud in Pasco County.
Previous Articles
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
Follow Anne on Twitter.
Thursday, February 18, 2010
F. Jeffrey Miller Trial - 1 Convicted, 3 Acquitted
The jury deliberated for approximately 3 days after receiving their jury instructions. They asked one question:
Does ‘common sense' allow us to deduce what the banks may or may not been influenced by in order to make a loan?
Judge Julie Robinson responded by admonishing the jurors to read all of the instructions.
The jury presented its' verdict... Read More...
Thursday, February 18, 2010
F. Jeffrey Miller Trial Continued Testimony
As reported by Anne Mitchell, who viewed the trial:
Angela Parenza worked for Jeff Miller as the office manager for 7 or 8 years beginning in 1998. Parenza was indicted along with Miller and pled guilty to conspiracy to commit bank fraud and money laundering. Parenza testified that Miller or his contractors allegedly preferred to build all the... Read More...
Wednesday, February 10, 2010
F. Jeffrey Miller Trial Coverage Continued - Witness Testimony
Steve Middleton Testimony - Coverage Provided by Anne Mitchell
The Government continued in its cross examination of Steve Middleton. He was shown several HUD-1 statements involving sales of homes located in Overland Park, KS, and Olathe, KS. The HUD statements each allegedly showed line items of payments to (James) Moser & Associates, LLC's... Read More...
Monday, February 01, 2010
F. Jeffrey Miller Trial Coverage - Continued Witness Examination
According to Anne Mitchell, who is present in court for the trial:
Next Witness: Kelly Sanford
Kelly Sanford of the Federal Reserve was a short witness for the Government. Sanford manages electronic payments between banks and member financial institutions. He was shown copies of wire transfers and asked whether they coincided with the counts in... Read More...
Wednesday, January 27, 2010
F. Jeffrey Miller Trial - Prosecution Witnesses Continued
According to Anne Mitchell, who is viewing the trial:
January 13, 2010
Witness: Rick Hayes
Rick Hayes testified that on the day that he closed on his Miller Enterprise home, he received a phone call from the Kansas Banking Commission informing him that his loan was fraudulent. After the Hayes responded to a classified ad, they met with John...
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