Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States.
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
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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.
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
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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.
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...
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...
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...
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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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.
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 
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