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
Mortgage Fraud Blog is co-sponsored by Interthinx the leading provider of fraud services and solutions for the mortgage industry.
Michael Sheneman and his son, Jeremie Sheneman, were sued by Jack Stilp, James Aters, Kris Hinton and James Turnbo III for mortgage fraud. Each of the Plaintiffs were looking for investment income to supplement their pensions and therefore purchased rental properties with the advice and assistance of the Shenemans.
According to media reports, after purchasing the South Bend, Indiana area investment properties, the plaintiffs learned that the price of the real estate was artificially inflated, that the properties were in need of repair- more so than had been disclosed to the them, and that the tenants living in the homes were there only to pose as tenants while the property transaction closed, paid for by Michael Sheneman.
Hi, My name is Merrian Hicks-Avery I ‘m also a scam byJeremie Sheneman I live in Indiana I brought house from him ,but they wasn;t his to sell I’m getting sue by the owners as we speak.
Posted by on 02/28 at 04:20 PM
Jeremie Sheneman was not the broker as the “news” states. What is the owner Brend Buck ever mentioned? She made money off of every one of those deals that were sold. Jeremie had contractors doing the work in South Bend and Indianapolis that were stealing from him and scamming him. He is the victim in this in many ways.
Posted by on 03/23 at 10:17 PM
who made money? i didn"t make any money the property wasin poor shape . yes jeremie did hiring contractor but I did’nt take from him . t so im saying if he did those people in southbend he is not a victim as he think......
Posted by on 10/19 at 06:02 PM
wher is discounthomes did u change the name?
Posted by on 10/19 at 07:09 PM
100% Pashmina Shawls, Wlole sale and Retail World wide ship
Posted by on 02/19 at 01:30 AM
All of you who were scammed in South Bend, IN can contact attorney Lee Korzan (574-288-1510). He is familiar with this entire scam and has a lot of experience with it. Good luck and tell him Michael Thompson sent you.
Posted by on 03/24 at 05:08 AM
We learned alot from our bad experience dealing with Jeremie Sheneman. For one thing, he’s a crook and a scam artist. He learned from the best, “his dad”. Both Him and his dad had scammed 4 South Bend Police Officers a couple of years ago and one of the officers, Jack Stilp lost alot of money from that dirt bag.
With our problem we ended up going to court and we had to pay rent to the new owners. We know that this just wasn’t right but Jeremie Sheneman created this whole mess and because of this we were told buy the Feds that this investigation will lead to the home as being up in the air one day. “no one will own this home”. In a way that makes us really happy because the new owners will one day wake up and pull their heads out their ass and realize they too were scammed by Jeremie. But we don’t have to worry because we are out of this unsafe home and we bought another home through a realestate agent. FYI, Jeremie is currently being investigated by HUD and the FBI. If anyone ever wired him money please call your local FBI office because wiring money for mortgage payment is illegal and he could be sent to prison for a long long time and fined. If you go to ebay to buy a home like we did, it’s ok. Just know who you are buying from. If the seller ask you to wire money, report it. Most seller’s ask for Cashier’s check or a Paypal payment which are ligit.
Posted by on 05/16 at 06:45 PM
This is regarding Jeremie Sheneman and the home we purchased on EBAY last October.
Jeremie actually used Someone named Mario to sell the homes on EBAY. The seller ID is marioario.
Do not purchase any homes from Marioario. I encourage you to go to Ebay qweb site and look up seller marioario and view his past listings as they ask you to wire money which is illegal. I want everyone to make a complaint about marioario.
Thank You
Posted by on 05/17 at 04:12 PM
JERMIE U BETTER BE WARE YOU ARE NEXT!
Posted by on 08/07 at 07:16 PM
I cannot beleive the baloney I am reading here. I am shocked at the misrepresentation of all you people. You complain and complain, take matters into court, lose and still waste time blogging how you are right and they are wrong. I have personally known Mr. Sheneman and have found him to be a fully credible and stand up business man. Also if you want to be taken credibly, clean up your foul mouths. It does nothing for your case. Mr. Sheneman has helped hundreds of people accomplish the dream of owning a home. He has gone above his duty and wish you all would stop spreading lies about him. I think it is so sad that you make reference to all these suits against him when I am not privy to even one. Get a life people.
Posted by on 08/19 at 07:27 AM
This market has made a lot of people that tried to get rich quick point the finger at a lot of people. I feel for ya. But two wrongs dont make a right. I am here to vouch for Mr. Sheneman and his operation. I am very happy with the results of my dealings with him. The comments I read are surprising to say the least. I have always found him to be very reputable. Though I feel bad for those that lost money when deals turn sour, no one could have seen what the market did. It hurt us all. Best
Posted by on 08/19 at 07:46 AM
who ever email me you don’t know what jermime did to me true the deal went sour because he lie and didn’t do what he said that he was going to do so I think he is a BIG ASS LIAR SO GO AND TELL HIM THAT!!!!!!!!!!!!!! WHY HE WON’T FACE ME
Posted by on 08/19 at 08:11 AM
Jeremie is a liar. We were paying him $500 a month for a year until the note was to be paid off. We made 3 payment for Jan, Feb and March via wire transfer and he says he never received them so he sold the home from underneath us. We kept all the receipts and he still says he didn’t receive them and the funny part is in January he acknowledged receipt of a payment when my wife called him. He’s a theif and a con and should be locked up for a long time. We’re not going to take him to court because our time is valueable and we are just moving forward with our lives.
Posted by on 08/21 at 11:03 AM
Too bad the Sheibley’s can’t sell the home at 743 Diamond Ave, South Bend IN 46628. They tried selling it on ebay a few times and no takers. The house was a dump. They should have taken our money when we offered to buy it back. Remember one thing, we didn’t sell it to them, Sheneman did. We were just stupid renters.
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...
Legal Disclaimer.
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 
mortgage fraud
