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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Sandy Robinson, 50, Detroit, Michigan, pleaded guilty to committing bank fraud in connection with a mortgage fraud conspiracy. One of Robinson‘s codefendants, Danyell Johnson, pleaded guilty on September 8, 2008; two other indicted co-conspirators, Pierre Greene and Jacque Miller, are awaiting trial.
The evidence before the Honorable Gerald E. Rosen established that from July 2005 through February 2006, Sandy Robinson aided and abetted his codefendants and others in obtaining fraudulent mortgage loans totaling approximately $350,000 for properties located at 13329 Flanders, 17174 Joann, 13707 Glenwood, 17160 Fairport and 11072 / 11074 Promenade, Detroit, Michigan.
For example, on September 12, 2005, to obtain a mortgage for $83,600 on the property at 13329 Flanders, Detroit, Robinson falsely represented that he had been employed by Perfect Choice Cleaning and Maintenance during the previous 3 years with a monthly salary of $3,400, and that he had rented a home at 5304 Rohns. In fact, Robinson was serving a prison sentence in the custody of the Michigan Department of Corrections from April 24, 2003 through April 19, 2005, so he had been neither gainfully employed nor a resident of Detroit during that time period.
The lending institutions relied upon these false statements, as well as upon additional materially false representations by others involved in the mortgage fraud scheme, and extended mortgage loans on the 5 properties. The loans went into default, resulting in losses totaling approximately $350,000 to federally insured financial institutions (including Deutsche Bank Trust Company North Americas).
Acting United States Attorney Berg said, “Mortgage fraud is not only a threat to the economy, but to all American homeowners, and those who dream of one-day becoming a homeowner. My office and the FBI have committed major resources to investigate and prosecute those who have tried to illegally exploit the housing market for their own material gains.”
Sandy Robinson‘s sentencing hearing is set for January 26, 2009. A conviction for this offense carries a maximum penalty of 30 years in prison or a $1,000,000 fine, or both. The sentence will be imposed under the United States Sentence Guidelines according to the nature of the offense and the criminal background, if any, of the defendant.
US Attorney Berg was joined in the announcement by Special Agent in Charge Andrew G. Arena of the Federal Bureau of Investigation.
This all seems intersting, but, I cant find anyone who cares!
I’ve have the evidence in a particular case, the seller’s name was forged, as determined by 2 forensic document examiners, the settlement sheets were changed to help the buyer qualify for a loan he wasn’t qualified for, the lender was decieved into thinking the buyer was qualified and the seller was cheated out of money due and she didnt even agree to the sale. The police were contacted, the sheriffs offce, the state police, the banking commission, the governor and the FBI. No one cares! We have been sued by the tennants, spent over $12000. in legal fees to recover damages and to get a ruling that the signature is not real so we aren’t held liable for the bank fraud and we cant get anywhere. The judge says a title company isn’t a “professional” business so we cant even recover legal expenses. This company and thier lawyer are so comfortable with the forged documents and documents with witnesses to signatures that arent there that they don’t even notice it. We’re sick of it does anyone know who cares? These people need to be stopped, we cant afford to continue and we dont want to be liable for participating in bank fraud.
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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