Wednesday, December 17, 2008
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.
mortgage fraud
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.
Posted by on 02/18 at 04:13 PM
Post a Comment
The trackback URL for this entry is:
Trackbacks:
|
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...
Previous Articles
|
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
|
|
|
|
|
|
|
|
|
|
|
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 
