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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 Scam Ends with Prison
The Morning Call
A judge didn't hold back when Shirley Matthews appeared before him Tuesday to be sentenced for stealing from a Monroe County man instead of helping him save his home from foreclosure, as she was hired to do.
Woman Gets Prison Time After Mortgage Scam Conviction
Pocono Record
A New Jersey woman will be spending two to five years in state prison after she was sentenced on Tuesday for promising to help homeowners avoid foreclosure and then keeping the money she was given for their mortgages.
2 Indicted in Mortgage Scam Face New Charges
Newsday.Com
Prosecutors add extra charges to two who are charged in LI mortgage fraud with county legislator, dominatrix and her husband
Untangling Mortgage Fraud in Chicago Condo Buildings
Chicago Public Radio
Why did so many units go into foreclosure all at once? In some cases, the reason can be traced to mortgage fraud.
No Contest Plea Entered in Real Estate Fraud Case
Northbay Business Journal
Juan Carlos Alcala of Windsor pleaded no contest to nineteen felony counts and admitted three special allegations for defrauding real estate investors, money laundering and elder fraud.
Bedford Woman Sentenced to a Year in Prison for Mortgage Fraud
Plain Dealer
Sharon Cox, 49, of Bedford, was sentenced today to a year in prison for mortgage fraud involving money laundering, theft and receiving stolen property from August 2008 through March.
CITIZEN JOURNALISM: Mortgage Fraud High in Area
Washington Times
According to the FBI, Virginia, Maryland and the District are among the top 10 jurisdictions experiencing mortgage fraud.
Former Vegas Resident Charged with Mortgage Fraud in Nevada
National Mortgage Professional Magazine
A former Las Vegas resident has been charged with federal conspiracy and fraud charges for his involvement in a Nevada mortgage fraud scheme involving straw buyers and falsified mortgage loan documents...
Missouri Man Sentenced for Mortgage Fraud
Belleville News Democrat
A suburban St. Louis mortgage company operator has been sentenced to more than 11 years in prison for a mortgage fraud scheme.
12-Year Prison Term in Mortgage Swindle
Washington Post
A Maryland woman who stole millions from Washington area homeowners trying to avoid foreclosure is a "vulture" whose case should serve as a warning to other con artists...
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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