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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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:
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.
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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