Wednesday, May 30, 2007
Wisconsin Mortgage Broker to Plead Guilty to Mortgage Fraud Scheme
James Lytle, Lake Geneva, Wisconsin, is scheduled to plead guilty to defrauding mortgage lenders by making false representations in loan applications relating to the creditworthiness of borrowers and the appraised value of 19 properties.
The Information alleges a scheme wherein Lytle paid straw borrowers to obtain loans from eight different lenders for more than $4 million. In one scheme specifically set forth in the Information, Lytle utilized a straw borrower to fraudulently obtain a $300,000 loan from New State Mortgage, LLC at GMAC/RFC, for the property located at 900 Inlet Shore Drive, Delavan, Wisconsin.
The entire scheme encompassed the following properties:
105 Glenwood, Delavan, Wisconsin - USA Funding;
523 S. 2nd St., Delavan, Wisconsin - Argent Mortgage;
407 S. 2nd St., Delavan, Wisconsin - First State Mortgage;
300 Wildwood, Darien, Wisconsin - First State Mortgage;
950 Center St., Delavan, Wisconsin - Argent Mortgage;
1159 Highway H, Genoa City, Wisconsin - Argent Mortgage;
1617 N. Lincoln Ave., Lake Geneva, Wisconsin - Paragon Home Lending;
1577 N. Lincoln Ave., Lake Geneva, Wisconsin - USA Funding Corporation;
163 Oakwood, Williams Bay, Wisconsin - Paragon Home Lending;
7574 North County O, Whitewater, Wisconsin - New State Mortgage;
904 Inlet Shore Dr., Delavan, Wisconsin - Paragon Home Lending;
900 Inlet Shore Dr., Delavan, Wisconsin - New State Mortgage;
911 Grant St., Lake Geneva, Wisconsin - Paragon Home Lending;
607 McDowell St., Delavan, Wisconsin - Paragon Home Lending;
897 Wisteria Rd., Pell Lake, Wisconsin - Long Beach Mortgage;
62 E. Walworth, Delavan, Wisconsin - Paragon Home Lending;
1614 N. Geneva, Lake Geneva, Wisconsin - Paragon Home Lending;
900 Inlet Shore, Delavan, Wisconsin - Challenge Financial Investment Corporation; and
3645 Lortin Pl., Lake Geneva, Wisconsin - Fremont Investment.
mortgage fraud
Moneywise Mortgage, operated by Harlan Accola in Marshfield: I worked there 3 weeks, have not been paid, quit due to not getting paid-observed unethical practices regarding confidentiality of clients-refusing to do what the customer wants-believing that a “christian principle” is to never pay off your mortgage;I am filing a complaint over wages with dept. of labor-oh yes, the corporate umbrella over Moneywise is closed and disolved and I believe they are operating without license at this point
Posted by on 06/05 at 06:00 AM
Conceling the false and fraudulent information submitted in the loan application and relation documents;and diverting the loan proceeds for lending.False loan from Denis Brunette Mortgage Acceptance Corp.Lic.#031.0003881 lon Originator.
Posted by on 07/25 at 12:14 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...
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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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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 
