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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Guilty Plea in Conspiracy Aimed at Low-Income Borrowers
Terrell Ford, 33, Kansas City, Missouri, pled guilty to participating in a conspiracy in which low-income borrowers obtained home loans or refinancing by submitting fraudulently inflated appraisals and false financial information to lenders. Ford faces up to 25 years in prison for his role in the $14 million mortgage fraud scheme.
According to the Information and other court documents, from January 2002, through January 2004, Ford was involved in a conspiracy wherein he and his co-conspirators would submit false and fraudulent loan applications and appraisals to lenders for the purposes of obtaining funds. The funds were then transferred in whole or part to accounts managed by the defendant and his co-conspirators. During the conspiracy, Ford would entice prospective borrowers, usually those that were low income or lacked real estate experience, and were in need of money, to purchase a home. The conspirators told the borrowers that they could qualify for a loan or a refinance regardless of their credit rating or financial situation. What the conspirators failed to advise is that the appraisals would be inflated and at closing, significantly increased origination fees would be charged and higher interest rates would be applied.
The following properties are listed in the Information as involved in the scheme:
This is truly a disgusting scam they were running. It is most of all disturbing to read about with the current state of the market.
Posted by on 12/06 at 11:17 AM
Great article, we here in San Luis Obispo, CA have also been cheated by RW Hertel & Sons, Inc. a well known defective home builder in Calif.
He has sold many “ Low Income” homes got the money and the homes started to fall apart with the first rains of the year. The State Investigated found all 100% of the homes inspected to be defective and leaking many with toxic mold and massive defects. The builder then tried to scare them off from complaining so he filed a false suit against them, the judge ruled under the anti-Slapp law now the builder has been ordered to stand trial for Fraud, Theft and Discrimination justice is coming albeit slow.
Posted by on 12/13 at 05:04 AM
Talk about Mortgage Fraud, California Builder Ron Hertel and Partner/Lover Robert JS Fowler owners of RW Hertel & Sons, Inc. are now in default on several fraudulent loans they scammed from investors and banks. They are facing both Civil and Criminal Investigations and over 31 Lawsuits.
They have over 25 different LLC’s, LP’s, Inc.,s etc so do a indepth search hire a lawyer and check them out prior to investing or buying any Hertel related projects. They now have gone into the Wine making business as well. 5 Mile Bridge wines so once again caution.
Posted by on 02/11 at 05:20 AM
Dear Sir or Madam, It has come to our attention that your site is showing a
post regarding the company RW Hertel & Sons, a home builder in CA. We are respectfully requesting that the post be removed from your site in an expedient manner. The posts/story has been ruled to be from a slanderous source. Thank you so much for your prompt attention to this matter.
Posted by on 03/14 at 04:58 PM
Well now that RW Hertel & Sons and Bob Fowler aka Robert John Samuel Fowler have defaulted on millions of dollars of loans albeit under false pretenses and Fraud, they have hidden monies in the accounts of several banks so they are cheating not only investors but banks.
But we know who and where they are there is a rat in his midst so we are on his trail as we get the information we send it to the Authorities. Smile Justice will be coming. As is evident by the public notices from the Courts, CSLB, Clerks offices etc.
Posted by on 06/14 at 05:53 AM
Well now all one has to do is check the State of California Web site www.cslb.ca.gov and see RW Hertel License is being revoked for fraud and unpaid Court ordered Judgments. Then check with any Legal firms site and see all the Law Suits against Hertel and Fowler for fraud, and theft not to mention up in San Luis Obispo County Clerks office all the Defaults named against them and there Atascadero Venturess, LLC thus now over $21,000,000.00 in Loan fraud and there failure to pay contractors, vendors and subs ? hum ! it is all a public record as well as the many lawsuits.
Posted by on 06/28 at 12:46 PM
I see where the FBI & IRS are finally investigating Ron Hertel and Robert Fowler for the Criminal activity they did all over California.
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 
mortgage fraud
Well now that RW Hertel & Sons and Bob Fowler aka Robert John Samuel Fowler have defaulted on millions of dollars of loans albeit under false pretenses and Fraud, they have hidden monies in the accounts of several banks so they are cheating not only investors but banks.
