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Mortgage Fraud Blog is the premier website for news and information on mortgage fraud and real estate fraud throughout the United States.
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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
Mortgage Fraud Blog is co-sponsored by Interthinx the leading provider of fraud services and solutions for the mortgage industry.
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Monday, October 02, 2006
Indiana Civil Lawsuit filed by Countrywide
Countrywide Home Loans filed a civil complaint in Marion County, Indiana Superior Court alleging fraud on over 100 properties in Indianapolis and Westfield, Indiana naming the following defendants: Robert Penn Sharon Penn Tamara E. Scott-Penn Robert Pollard Amy Pollard Susan L. Ruhana Brian Carrington Frederick W. Bauter Land Economics, LLC Brown Funding, Inc. Showhomes Property Management, LLC EU Group, LLC Griffin Group Ace Appraisal Services, Inc. People’s Trust Mortgage
 mortgage fraud
Not true
Posted by on 09/23 at 01:34 AM Where is the the truth?
Posted by on 09/23 at 01:37 AM To anyone who can help me, I guess you can say that I am a victim of Showhomes Property Management LLC. I entered into a rent to own lease with them for property in 3027 Nowland Ave Indpls IN in 12/03. (I still have related documents). they requested we pay $700.00 deposit. which I did. this property was sold to a someone else who is now also a victim. To make a long story short because this person chose to keep Showhome as mgmt firm. (joke). He not only never received any money collected from thesed properties non- of the deposits collected before the purchased were ever turned over to him. lost his properties via forclosure. I was forced out of the property in November 10, 2007; due to forclosure (Sherrif Auction). Here it is Jan. ‘8 Were is my $700.00 deposit!!! is there a law that requires that my deposit be returned within 45 days of vacancy. What can I do to get my money back?
Posted by on 01/03 at 08:18 AM I HAD A PROPERTY IN HARRISON COUNTY INDIANA. COUNTRY WIDE WAS THE LENDER. EVEY MONTH OUR PAYMENT WENT UP AND UP AND UP. WE SIGNED A 5.5% FIXED RATE. EVERYTIME WE CALLED THEY WOULD BLAME IT ON SOMETHING, HOMEOWNERS INSURANCE, PROPERTY TAXES, ETC… THE PAYMENT WENT FROM $502 A MONTH TO $1400. A MONTH. WE WERE NEEDLESS TO SAY FORECLOSED ON. WE HAVE 3 SMALL KIDS. WE WOULD LITERALLY HAVE TO CHOOSE BETWEEN THE HOUSE PAYMENT AND THE KIDS EATTING. I WOULD LIKE TO SUE COUNTRYWIDE FOR THIS BUT NOT SURE OF HOW.
Posted by on 03/17 at 12:03 PM Completely true. I investigated this case with Argent at the time that it became public from Countrywide. The individuals were the registered agents of the brokerage, the realty company, and the closing agent. Can’t do that - conflict of interest. Offered to be prop mngmt for the borrowers, but made 3-5 payments, then defaulted. Not only did they get Countrywide for $15M+, they also got my former employer for $35M+.
Posted by on 04/01 at 06:31 PM For the ignorant person that thinks and that says this case was completely true..I challenge your investigative techniques. Countrywide filed the suit in the early summer of 06’. The media brought it to your attention in the late fall of 06’ For you to say this case was completely true makes me think you are incompetent and most likely some media moron. Please learn before you speak about something you know nothing about. BTW most defendents, if not all, have been dismissed from Countrywide’s allegations either by the court or by Countrywide.
Posted by on 02/18 at 02:51 AM Completely true, as I was a lead investigator on this case w/ another lender.
Posted by on 10/22 at 03:52 PM For the very interesting person who would like to debunk this story as a complete fabrication, check your facts. Yes suit was filed in summer ‘06. Before you file suit, you’ve got to build up a case; taking anywhere from 9-12 months. All of the loans involved in the scheme were from 03-04. You either were a party in the case or have absolutely no concept of how suits are filed pertaining to mortgage fraud....
Posted by on 10/22 at 03:55 PM I signed a 5 year lease with Mid State Property Management in April 2008. The property I leased went WAS FORECLOSED on in January 2009. The new property managers S R Propety told me the property was had not be foreclosed,in May Envendor Property LLC started to manage the property. By July 16, 2009 the property I was renting was sold at a sheriff sale. Envendor Proprty LLC moved me into a differt unit, I signed a new one year lease and now 30 days after signing the lease this property is in foreclosure. NOT ONE MORGAGE PAYMENT WAS MADE ON THE 1ST PROPERTY I RENTED AND NO PAYMENT HAS BEEN MADE FOR OVER 12 MONTHS ON THIS NEW UNIT.
Posted by on 10/29 at 03:17 PM
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Some Sources require Registration.
Mortgage Fraud Risk Index Jumps 11 Percent, According to Verisk Analytics Subsidiary Interthinx
CNNMoney.com
The report...indicates that the overall Interthinx Mortgage Fraud Risk Index surged more than 11 percent from the previous quarter...
Mortgage Fraud Case Appears Headed to Jury in Jackson County Circuit Court
The Jackson Citizen Patriot - MLive.com
The prosecution and defense rested Thursday in the mortgage fraud cases against Teresa Marie WIlson and Angelo Surveo Williams.
Wyoming Woman Charged with Mortgage Fraud After Allegedly Stealing Sister's Identity
MLive.com
A Wyoming woman is facing felony charges accusing her of stealing her sister's identity to obtain a mortgage...then defaulting on that mortgage, leaving taxpayers on the hook.
U.S. Attorney Targets White-Collar Crime
Wall Street Journal
In San Francisco, Mr. Russoniello said he is trying to crack down on cases like mortgage fraud, though he doesn't have the budget to hire additional white-collar prosecutors.
Arrests Made in Orlando Mortgage Fraud Roundup
MyFoxOrlando.com
During the real estate boom two years ago, some units were going for a half million dollars. Now some are short selling for just 50 grand.
10 Accused of Mortgage Fraud at PR Coastal Resort
Forbes
A developer and nine other people, including a former salsa singer, have been charged in an alleged $14 million mortgage fraud in Puerto Rico...
Strodtman Jury Selected in Mortgage Fraud Trial
Greeley Tribune
Attorneys will deliver opening statements this morning in the trial of Mark Strodtman, who is accused of bilking homeowners in a mortgage scheme years ago.
FHA Digging Out After Loans Sour
Wall Street Journal
Most banks rejected Ms. DeForte because her debt level was too high and her credit score too low. But Lend America put Ms. DeForte into a $402,000 loan backed by the Federal Housing Administration...
Mortgage Fraud Probe Nets 105 Across State
Bradenton Herald
At least one local man is among 105 people arrested across the state following a nine-month investigation into organized mortgage fraud.
Mortgage Fraud Increases
MortgageRates.co.nz
The number of frauds involving professional advisors, such as accountants and lawyers, has increased from two to four since March 2008.
Previous Articles
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
F. Jeffrey Miller Update - October 20, 2009
A hearing was held in Topeka, Kansas in front of Judge Julie Robinson. Miller is currently being held pending his sentencing which is set for December 22nd, 2009 at 9:00 a.m.. Steve Vanatta and Hallie Irvin, Miller's codefendants, will be sentenced at that time also.
Several motions were heard this week. One was a motion for Miller to be released pending his sentencing. Miller's attorney, Jeff Morris, argued that the court had dismmissed with predjudice the matter involving Miller's purchase of a commercial lawnmower, violating the court ordered monitoring agreement. He also argued that Miller was not a flight risk and should be released. This motion was denied.
Another motion heard by Judge Robinson was that of an escrow account containing proceeds from the sale of Miller's forfeited assets. This account has a balance of $143,000. Attorney Morris argued that his firm was due $100,000 for work done in the Miller matter, to date. The government argued that his 'un-itemized fees' were 'exhorbitant'. The balance of the funds, Morris argued, should be released to the Miller family to help pay for mounting household expenses.
The government argued that the 'Asset Forfeiture Provision' applies down to 'the last penny' and that 'the rights of the victims to made whole are of paramount immportance' and that no routine household expenses like Visa bills, are allowed.
Attorney Morris argues that there is more than enough assets to satisfy the jury's judgement of $2.65 million dollars. The government argues that the estimated value of his assets are only $1.4 million.
The government also stated that Miller has been paid dividends from a company Miller has an ownership interest in; Boreflex. From July, 2008 to present, Miller has been paid $330,509.30 from Boreflex, unbeknownst to the court appointed monitor.
Present in the courtroom was Todd Earnshaw. Earnshaw was indicted along with Miller and others in what is commonly referred to as 'Miller I'. That trial is scheduled to begin on January 11, 2010 in Topeka, Kansas.
More Trial Coverage
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