Monday, August 27, 2007
Maryland Attorney & Broker Plead Guilty to Mortgage Fraud Scheme
Rachel Donegan, 37, and David Lincoln, 37, Baltimore, Maryland, pled guilty to wire fraud arising from a mortgage fraud scheme.
Donegan and Lincoln worked at 1st Metropolitan Mortgage and Guilford Title and Escrow, located in Baltimore, Maryland, preparing mortgage applications and assisting in mortgage closings. According to their plea agreements (Donegan plea, Lincoln plea), from January 2005 to December 2006, Donegan and Lincoln participated with Yolanda Crawley and Shawn Michael Green in a scheme to wire mortgage applications to mortgage companies which contained false representations about Crawley and Green‘s income and employment. The fraud scheme allowed Crawley to secure loans for the followintg properties: 10740 Versailles Boulevard, Wellington, Florida valued at over $1 million; 477 Pacific Grove Drive, Unit Three, West Palm Beach, Florida valued at $500,000; and 7138 Natures Road, Columbia, Maryland valued at $316,000. The fraud scheme also allowed Green to secure loans for property at 2339 Eutaw Place, Baltimore, Maryland, valued at $300,000.
Donegan and Lincoln face a maximum sentence of 30 years in prison and a $1 million fine. No sentencing date has been set for the defendants.
In a related indictment, Green, 41, Columbia, Maryland, and Crawley, West Palm Beach, Florida, are charged with conspiracy to distribute cocaine from 1998 to 2007 and conspiracy to commit money laundering from 2004 to 2007. The indictment seeks forfeiture of $4 million, which is based on a minimum of 200 kilograms of cocaine at $20,000 per kilogram, and includes the properties in Baltimore and Florida involved in the fraud scheme. An indictment is not a finding of guilt. An individual charged by indictment is presumed innocent unless and until proven guilty at some later criminal proceedings.
mortgage fraud
Hello Sir
I was a victim by fraud. A group people took advance on me and bought 3 houses , I invited me as a invest in their company. They promised they their company will take care all stuffs, payments, taxes, insurance of houses...Each house when they sold then I will get commision.
I did not know that they are together and cash money back by the last house.
Now 2 houses were forclosured done and the last one in Fairfax is on the way.
I came to the Lawyer , he promised me that he will take care me....But he wanted to buy my house and did not do anything for my case.
Please S.O.S me. I did not know who to talk with. I was a vietnamese I did not know much English and just got a part time job now.
Please email or call me at 571-830-9636
Sincerly
trung pham
Posted by on 01/04 at 01:22 PM
These two guys, Green and Crawley, have been smuggling cocaine for almost ten years and they can’t be declared guilty and properly punished? The penal code has some serious flaws in this case…
Posted by on 06/12 at 07:04 PM
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Some Sources require Registration.
Real Estate Fraud Widespread, Insider Q&A Told
Orange County Register- California
As head of the California Department of Real Estate, it’s Davi’s responsibility to oversee the licensing and regulation of real estate agents and to investigate complaints.
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Cincinnati.com - Cincinnati, OH
Some of the most common complaints involve buyers upset over undisclosed property problems and agents not doing the marketing they had promised. There's also been an increase in mortgage fraud and criminal allegations.
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The reason Carter, 55, is facing eviction, she says, is that she fell for a high-stakes scam that’s sweeping the nation, preying on the 1 in 11 consumers who are either behind on their mortgage payments or already in foreclosure.
Florida Comes Clean, Allowed Criminals to Enter Mortgage Industry, Prey on Consumers
By The Liput Group
In a stinging critique of the state's oversight of the mortgage industry, top Florida investigators found that state regulators failed to alert police agencies to crooked mortgage brokerages, ignored citizen complaints and allowed hundreds of people with criminal histories to peddle loans.
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Mortgage Firm Countrywide, In Response To Alleged Data Breach, Offers Free Credit Monitoring
Los Angeles Times - CA
Countrywide Financial Corp. is offering two years of free credit monitoring to customers whose sensitive personal information, including Social Security numbers, allegedly was stolen from the home lender's computer files.
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A woman took Carpenter's professional identity as a real estate appraiser, using Carpenter's name and license number. She even appraised commercial and million-dollar properties that Carpenter, a residential appraiser, isn't licensed to do.
Top 10 Riskiest Areas for Mortgage Loans
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First American CoreLogic recently released a study that ranks America's top 10 riskiest areas in which to make a home loan.
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Rachel Dollar is an attorney and Certified Mortgage Banker who handles fraud recovery litigation for lenders and secondary market investors nationwide. She is a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is licensed to practice law in California and maintains offices in Santa Rosa, California. 
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