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
Mortgage Fraud Blog is co-sponsored by Interthinx the leading provider of fraud services and solutions for the mortgage industry.
Woman Indicted For Appraising Homes Without License
Dorie DiMarca, Andover, Massachusetts, was charged with two counts of wire fraud concerning real estate appraisal services DiMarca had performed. DiMarca was arraigned on the charges on Monday, December 8, 2008, and entered pleas of not guilty to the charges. She was released on bail pending the January 21, 2009 trial date.
The indictment returned by the grand jury charges that DiMarca provided appraisal services to two mortgage brokerage companies located in New Hampshire - New England Regional Mortgage and First Call Mortgage. The indictment alleges that DiMarca represented herself as a licensed appraiser when she was not licensed and had no authority to provide real estate appraisals. The indictment list at least 22 properties for which DiMarca provided a purportedly legitimate appraisal. DiMarca e-mailed the appraisals from Massachusetts to the offices in New Hampshire.
The properties referenced in the complaint are:
17 Simpson Road, Pelham, New Hampshire;
320 Laxson Avenue, Manchester, New Hampshire;
14 Hemlock Street, Hillsborough, New Hampshire;
10 Danbury Circle, Amherst, New Hampshire;
13 Kendall Street, Rochester, New Hampshire;
74 Glen Street, Farmington, New Hampshire;
35 Clothespin Bridge Road, Webster, New Hampshire;
4 Mary Jo Lane, Derry, New Hampshire;
47A Nottingham Road, Deerfield, New Hampshire;
19 Nichol Lane, Nashua, New Hampshire;
12 River Road, Antrim, New Hampshire;
7 Strawberry Hill Road, Derry, New Hampshire;
15 Hillindale Drive, Hudson, New Hampshire;
75 Salmon Falls Road, Somersworth, New Hampshire;
48 Temple Road, Greenville, New Hampshire;
27 Ranger Road, Hollis, New Hampshire;
203 Walnut Avenue, Manchester, New Hampshire;
220 Broad Sound Avenue, Revere, Massachusetts;
17 Dodge Street, Cambridge, Massachusetts;
39 Tamar Road, Goffstown, New Hampshire;
875 Foster Road, Ashby, Massachusetts;
34 Orchard Path Road, Weare, New Hampshire; and
191 Trolley Street, Manchester, New Hampshire.
A trial of the case is scheduled for January 21, 2009. The Federal Bureau of Investigation and the Office of Inspector General for the Department of Housing and Urban Development conducted the investigation.
United States Attorney Colantuono reminds the public that an indictment merely alleges that a crime has been committed and that all defendants are presumed innocent until proven guilty beyond a reasonable doubt.
If anyone thinks this woman did this alone they are crazy… the 2 Loan officers involved (from 2 different companies) live together.. coincedence I think not.....
Posted by on 12/18 at 07:31 AM
Unlicensed appraisers working for licensed appraisers do this all the time. Big deal. The entire appraisal profession has been “hijacked” by these types and no one gives a damm. Especially the lenders who were just “bailed out”, Congress who has its “head up and locked”, state license boards who are understaffed and overwhelmed by the volume of this. Who is the ultimate victim, the public trust and ethical appraisers who are a dying breed.
Posted by on 12/24 at 07:43 AM
how do we know the loan officers lived together.
Posted by on 12/26 at 05:43 AM
All of the investors I have ever worked with require a copy of the appraisers license and the appraisal must have their license number also. How could this have happened without the underwriters knowledge? There is more to this story.
Posted by on 01/13 at 07:23 AM
Real simple Dorthy. The perp steals and/or forges a license and the lender is to stupid to check it out. License theft and forgery is a common practice.
Posted by on 01/13 at 08:35 AM
I use to be an Appriser in N.H. This is music to my ears. I know some of the players. I’m in AZ now & they probablly do nothing to her BUT!! N.H. I think they’ll be some hard tiome coming
Posted by on 01/27 at 04:44 PM
to my knowledge there were 38+ appraisals done. 38 times lenders didnt check licenses, wrote checks in the fraudsters name, where is the dept of banking in all this. no fines, no investigating, no cases of negligence on lenders part? bs.
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...
Legal Disclaimer.
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
