Eric Michael Heckler, indicted back in 2006 on mortgage fraud charges, has been apprehended in Costa Rica. According to media reports, Heckler was found by a Texas private investigator and had been living in Costa Rica for a year attempting to start a new life.
As previously reported by Mortgage Fraud Blog, at various times from 2002 through 2004, Alternative Home Financing, Inc. (IHFI), a company that Heckler was involved in, approached “nominees”, and enticed them into allowing AHFI to apply for mortgages in the name of the nominee in order to buy houses. AHFI paid the nominee a small amount for allowing AHFI to use their names to apply for these mortgages. AHFI would complete the mortgage application paperwork, falsifying application information in order for the nominee to qualify for the mortgage. AHFI then received an inflated property appraisal and received two mortgages on each home, one for the purchase price and another for the balance of the appraisal value.
Heckler is being held in a Costa Rica jail pending extradition.