Wednesday, May 30, 2007

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. 

mortgage fraud

1. 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

2. I hope he gets what he deserves for being a total son of a bitch.  He needs to go away to prision!

   Posted by  on  09/21  at  06:41 PM