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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
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Indiana Broker is Indicted on Mortgage Fraud Charges
Justin L. Stuckey, 34, Fort Wayne, Indiana, is charged in a five count Indictment with wire fraud for acts which occurred April 17, 2002, through June 21, 2002.
Stuckey owned and operated Maximum Mortgage, a mortgage brokerage company doing business in Fort Wayne, Indiana. Maximum Mortgage obtained financing for the purchase of real estate in Fort Wayne, Indiana from various mortgage lenders including ABN AMRO based in Ann Arbor, MI.
Alliance Property Management is a property management company that manages numerous rental properties in Fort Wayne, Indiana.
According to the Indictment, Stuckey caused loan applications to be submitted to ABN AMRO through its “FLY” program, (a program where little documentation is required and brokers essentially approve their own loans) based on fraudulent information and misrepresentations.
Stuckey introduced two individuals (whose names were withheld from the indictment) wanting to purchase rental properties to the owner of Alliance Property Management. The defendant told them that he was the only person that could get them the financing they needed in order to purchase the number of rental properties they wanted.
Alliance Property gave the two individuals a list of properties and told them to pick out some properties they thought that they would be interested in purchasing.
Over the course of three (3) separate closings, one of the individuals eventually purchased the following list of properties from Alliance Property:
216 Second St., Fort Wayne, IN 345 Rudisill Blvd., Fort Wayne, IN
415 Agnes St., Fort Wayne, IN 511 Fifth St., Fort Wayne, IN
528 Fifth St., Fort Wayne, IN 532 W. Fourth St., Fort Wayne, IN
536 W. Fourth St., Fort Wayne, IN 538 W. Fourth St., Fort Wayne, IN
612 W. Fourth St., Fort Wayne, IN 673 Huffman St., Fort Wayne, IN
718 Drexel Ave., Fort Wayne, IN 936 Rivermet Ave., Fort Wayne, IN
1021 Tennessee Ave., Fort Wayne, IN 1035 Franklin Ave, Fort Wayne, IN
1043 Saint Mary’s Ave., Fort Wayne, IN 1129 Burgess St., Fort Wayne, IN
1306 Elm St., Fort Wayne, IN 1320 High St., Fort Wayne, IN
1325 Saint Mary’s Ave., Fort Wayne, IN 1328 Elm St., Fort Wayne, IN
1329 Third St., Fort Wayne, IN 1402 Tecumseh St., Fort Wayne, IN
1404 Dubois St., Fort Wayne, IN 1605 Third St., Fort Wayne, IN
1609 Kelly Dr., Fort Wayne, IN 1613 Kentucky Ave., Fort Wayne, IN
1614 High St., Fort Wayne, IN 1615 Saint Mary’s Ave., Fort Wayne, IN
1621 Saint Mary’s Ave., Fort Wayne, IN 1703 Franklin Ave., Fort Wayne, IN
1716 Richardson St., Fort Wayne, IN 1723 Howell St., Fort Wayne, IN
1954 W. Fourth St., Fort Wayne, IN 2034 Phenie St., Fort Wayne, IN
2137 Eby Ave., Fort Wayne, IN 2408 Priscilla Ln., Fort Wayne, IN
2421 Thompson Ave., Fort Wayne, IN 2431 Ormsby St., Fort Wayne, IN
3206 Central Dr., Fort Wayne, IN 3221 Clinton Ct., Fort Wayne, IN
3411 Senate Ave., Fort Wayne, IN 3417 Oliver St., Fort Wayne, IN
3510 Weisser Park Ave., Fort Wayne, IN 3711 Newport Ave., Fort Wayne, IN
3801 Barr St., Fort Wayne, IN 3804 Oliver St., Fort Wayne, IN
3805 Smith St., Fort Wayne, IN 4001 Hanna St., Fort Wayne, IN
4034 Reed St., Fort Wayne, IN 4329 Reed St., Fort Wayne, IN
4405 Monroe St., Fort Wayne, IN 5106 Lillie St., Fort Wayne, IN
5220 Reed St., Fort Wayne, IN 5602 Buell Dr., Fort Wayne, IN
5610 Bowser Ave., Fort Wayne, IN
Stuckey submitted applications and obtained mortgage loans on the above properties by making significant misrepresentations about the individual’s rental-ownership history, among other things. The total cost for the above properties was $2,158,000.00.
IT IS NO WONDER THAT ABN AMRO WAS SCAMED.I TOLD THEM ABOUT FALSE APPRASIALS,STRAW BUYERS AND SENT A VIEDO TO KEVIN CORBIN YEARS AGO.I RECIEVED NO REPLY AND ABN AMRO HAD NO INTEREST IN WHAT I TOLD THEM.I GOT EVERYTHING FROM PUBLIC RECORDS,COPIES OF THE DEALS SIGNED SEALED AND RECORED AND I GAVE COPIES TO THE FBI.NO AGENCY SEEMS TO CARE,IT IS NOW BEING LOOKED AT BY THE HARRIS COUNTY D.A. I DONT EXPECT MUCH OF ANYTHING TO HAPPEN.AFTER THE DEALS WERE DONE NOV & DEC OF 2001 AND THE FALSE SALES WERE IN THE MLS A PERUVIAN IMIGRANT THEN BORROWED MONEY ON 70 PROPERTIES IN THE SAME T/H SUBDIVISION.HE USED HOMEFINANCING OUT OF AUSTIN TX (MISSION MORTGAGE OF LA.)THE HARRIS COUNTY AP.DIST HAS INFLATED OUR ROTTING T/H S OUT THE ROOF.I WANT THIS PERSON BROUGHT TO ATTENTION OF THE COURT.HARRIS COUNTY TX SEEMS TO BE A SCAM ARTISTS HEAVEN.IF YOU SEE SOMETHING YOU FEEL IS WORNG GO TO THE PUBLIC RECORDS.
Posted by on 06/02 at 04:53 AM
I hope he gets what he deserves for being a total son of a bitch. He needs to go away to prision!
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.
Defaulted Loans May Haunt Seniors On Line WSJ.Com
A little-noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old.
Oregon to Help Homeowners Prevent Foreclosures CBS State
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.
Couple Loses $850,000 in Alleged Ponzi Scheme Boston Herald
Al and Susan McIlvene of Kittery Point, Maine, can remember the exact moment in November when they realized they might lose their entire life savings of $850,000, reports the Portsmouth Herald.
Mortgage Fraud Charges Filed Against Former Bakersfield Realtor, Her father KGET.Com
A former Bakersfield real estate agent and her father face 15 felony counts each of money laundering, conspiracy and grand theft in connection with an alleged multi-million dollar mortgage fraud scheme, newly filed court charges show.
Witness: Mortgage Name Not the Same Clarion Ledger
A former Clinton homeowner was called to testify Wednesday as prosecutors to try to prove a Ridgeland-based mortgage broker and two associates were behind a $9 million mortgage fraud scheme.
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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