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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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Friday, August 24, 2007
2 Minnesota Women Indicted for Fraud
Molly L. Heise, 49, Greenfield, Minnesota, owner of real estate closing firm Profile Title & Escrow Corp., and Christine A. Hein, 38, Buffalo, Minnesota, the company’s chief financial officer, were charged in a superceding indictment with multiple counts of criminal wrongdoing, including wire fraud and money laundering. According to the Superceding Indictment, beginning in June 2002 through January 2004, the defendants conspired to defraud Chicago Title by depositing more than $370 million into a secret account while maintaining the escrow account required and known by Chicago Title with scrupulous adherence. From the “secret” account, Heise transferred $2 million to another account from which she paid personal expenses. After Chicago Title withdrew as underwriter and revoked Profile Title‘s authority to act on its behalf, Heise and Hein continued to function as if Chicago Title was underwriting policies for Profile Title. Also as part of the scheme to defraud, Heise and Hein failed to satisfy sellers’ prior loans encumbering real property and other payouts according to the HUD-1 Settlement Statement.
 mortgage fraud
I went to high school with Christy! woot!
Posted by on 08/31 at 12:25 PM I went to High School with Christy also. We just had our 20 year Class Reunion in July of this year. I remember asking her what she did for a living. She claimed to have worked @ the Buffalo Golf Course. Ha..Ha.. WHAT A COMPLETE MORAN SHE IS---NEED I SAY MORE?
Posted by on 09/05 at 04:04 AM Couldn’t happen to a nicer person - Molly is a complete wackjob who would sell your children behind your back. She ruined many people.
Posted by on 12/29 at 12:47 PM I worked at Profile title, Molly had no idea what Ms.Hein was up to!That women is a lying, cheating bitch!
Posted by on 01/03 at 07:20 AM I also know Molly personally and as a former employee. She is innocent! Molly would give the shirt off of her back to anyone in need. She’s helped all of her employee’s in one way or another and is a compassionate person. I’ve seen the papers the CFO showed Molly, WE didn’t know that the CFO had falsified them. Molly is guilty of one thing, that was being too trusting (what a shame). I think all the people who has been helped by Molly need to stand up and say enough. The court system has given a plea agreement to the criminal to indict the innocent just because Chicago Title thinks Molly has all this money! What a bunch of crap! Chicago Title had to pay off a lot of people. Maybe even one’s who were up for election. A lot of bad things has happened to a really great woman and her family and it kills me. I know who the player’s were, and I’m telling you Molly is innocent of all charges. And Secure, I know about you also. If it wasn’t for Molly (you called her a wackjob) you would have never been able to open your business. You also owe her… You JackASS
Posted by on 02/07 at 06:56 PM Chi posso chiedere?
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Some Sources require Registration.
Mortgage Fraud Risk Index Jumps 11 Percent, According to Verisk Analytics Subsidiary Interthinx
CNNMoney.com
The report...indicates that the overall Interthinx Mortgage Fraud Risk Index surged more than 11 percent from the previous quarter...
Mortgage Fraud Case Appears Headed to Jury in Jackson County Circuit Court
The Jackson Citizen Patriot - MLive.com
The prosecution and defense rested Thursday in the mortgage fraud cases against Teresa Marie WIlson and Angelo Surveo Williams.
Wyoming Woman Charged with Mortgage Fraud After Allegedly Stealing Sister's Identity
MLive.com
A Wyoming woman is facing felony charges accusing her of stealing her sister's identity to obtain a mortgage...then defaulting on that mortgage, leaving taxpayers on the hook.
U.S. Attorney Targets White-Collar Crime
Wall Street Journal
In San Francisco, Mr. Russoniello said he is trying to crack down on cases like mortgage fraud, though he doesn't have the budget to hire additional white-collar prosecutors.
Arrests Made in Orlando Mortgage Fraud Roundup
MyFoxOrlando.com
During the real estate boom two years ago, some units were going for a half million dollars. Now some are short selling for just 50 grand.
10 Accused of Mortgage Fraud at PR Coastal Resort
Forbes
A developer and nine other people, including a former salsa singer, have been charged in an alleged $14 million mortgage fraud in Puerto Rico...
Strodtman Jury Selected in Mortgage Fraud Trial
Greeley Tribune
Attorneys will deliver opening statements this morning in the trial of Mark Strodtman, who is accused of bilking homeowners in a mortgage scheme years ago.
FHA Digging Out After Loans Sour
Wall Street Journal
Most banks rejected Ms. DeForte because her debt level was too high and her credit score too low. But Lend America put Ms. DeForte into a $402,000 loan backed by the Federal Housing Administration...
Mortgage Fraud Probe Nets 105 Across State
Bradenton Herald
At least one local man is among 105 people arrested across the state following a nine-month investigation into organized mortgage fraud.
Mortgage Fraud Increases
MortgageRates.co.nz
The number of frauds involving professional advisors, such as accountants and lawyers, has increased from two to four since March 2008.
Previous Articles
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
F. Jeffrey Miller Update - October 20, 2009
A hearing was held in Topeka, Kansas in front of Judge Julie Robinson. Miller is currently being held pending his sentencing which is set for December 22nd, 2009 at 9:00 a.m.. Steve Vanatta and Hallie Irvin, Miller's codefendants, will be sentenced at that time also.
Several motions were heard this week. One was a motion for Miller to be released pending his sentencing. Miller's attorney, Jeff Morris, argued that the court had dismmissed with predjudice the matter involving Miller's purchase of a commercial lawnmower, violating the court ordered monitoring agreement. He also argued that Miller was not a flight risk and should be released. This motion was denied.
Another motion heard by Judge Robinson was that of an escrow account containing proceeds from the sale of Miller's forfeited assets. This account has a balance of $143,000. Attorney Morris argued that his firm was due $100,000 for work done in the Miller matter, to date. The government argued that his 'un-itemized fees' were 'exhorbitant'. The balance of the funds, Morris argued, should be released to the Miller family to help pay for mounting household expenses.
The government argued that the 'Asset Forfeiture Provision' applies down to 'the last penny' and that 'the rights of the victims to made whole are of paramount immportance' and that no routine household expenses like Visa bills, are allowed.
Attorney Morris argues that there is more than enough assets to satisfy the jury's judgement of $2.65 million dollars. The government argues that the estimated value of his assets are only $1.4 million.
The government also stated that Miller has been paid dividends from a company Miller has an ownership interest in; Boreflex. From July, 2008 to present, Miller has been paid $330,509.30 from Boreflex, unbeknownst to the court appointed monitor.
Present in the courtroom was Todd Earnshaw. Earnshaw was indicted along with Miller and others in what is commonly referred to as 'Miller I'. That trial is scheduled to begin on January 11, 2010 in Topeka, Kansas.
More Trial Coverage
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