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Curious
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Posted: Sat Nov 10, 2007 8:47 am Post subject: Is it mortgage fraud |
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| A previously licensed loan officer, branch manager in North Carolina owned a property in NC jointly with another individual, per the deed recorded with Register of Deeds. The loan officer, branch manager extended a second mortgage on the property stating he was the only owner of the property per document recorded with Register of Deeds. Is this mortgage fraud and where should you report it ? Corporate headquarters of the mortgage company, banking commission? Individual was licensed in NC until recently, now exempt from NC license requirements. Also a licensed real estate broker in NC |
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livinginnky
 Moderator
Joined: 08 Sep 2007
Posts: 637
29.96 Dollars($)
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Posted: Sat Nov 10, 2007 11:22 am Post subject: |
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So lets clarify... He forged a deed and said he was the only owner to get cash out on a 2nd mortgage and didn't tell the other owner?
If Yes, then do all of the above. Bank fraud is a federal felony and is punishable with up to 1 million dollar fine and prison time. It is taken very seriously and you should contact all relevant organizations. Starting with the police should lead you in the right direction.
1. Department of Financial Institutions
2. Sheriffs Department
3. FBI
4. NC Real Estate Commission
5. I wouldn't call the company he worked for until last in case they try to hide it.
Best of luck and let us know if you have any additional questions _________________ Eric Matthews
Mortgage Refinance and Home Loan Guide |
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Samantha
 Community Mentor

Joined: 16 Sep 2005
Posts: 1601 Location: MASSACHUSETTS
149.29 Dollars($)
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Posted: Mon Nov 12, 2007 4:53 am Post subject: RE: where to report mortgage fraud? |
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Yes Curious, this is a sort of mortgage fraud only. You may consider filing a complaint with any of the following organizations;
1. The Federal Trade Commission; fill up the complaint form
2. The FBI Field division in your state (the FBI investigates mortgage frauds under it's White Collar Crime department.)
3. The Better Business Bureau (BBB); provide details in complaint form
Hope this helps...If you have further questions, please feel free to ask me.
God bless you.
Samantha _________________ Know how to compare lenders with mortgage booklet |
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jameshogg

Joined: 20 Dec 2005
Posts: 4291 Location: nevada
509.34 Dollars($)
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Posted: Mon Nov 12, 2007 5:10 am Post subject: re: north carolina mortgage fraud complaints |
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Hi Curious,
If you are in North Carolina, then you can report mortgage fraud at any of the offices given below:
State of North Carolina, Office of the Commissioner of Banks
www.nccob.org
4309 Mail Service Center
Raleigh, NC 27699-4309
Contact No: (919) 733-3016
FBI Field Office, Mortgage Fraud
White Collar Crime Supervisor
http://charlotte.fbi.gov/
400 South Tryon Street, Suite 900 Wachovia Bldg.
Charlotte, NC 28285-0001
Contact No: (704) 337-9200
Thanks |
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mikeshapiro

Joined: 04 May 2007
Posts: 67 Location: Phoenix, AZ
27.31 Dollars($)
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Posted: Wed Jan 09, 2008 9:49 am Post subject: |
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Curious,
Keep us posted on how this goes. I know people in my state are saying the dept. of financial inst. is so over loaded they will only take cases if you had first hand knowledge of what happened. _________________ Serving Appraisal needs in Arizona
www.4realvalues.com |
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banker0679
 Community Experts

Joined: 15 Nov 2007
Posts: 332 Location: Charlotte, North Carolina
1.41 Dollars($)
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Posted: Wed Jan 09, 2008 11:46 am Post subject: |
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I thought they would do a title search...and the title company will see that there are 2owners.
Something sounds strange here!
That would mean that the title company was in on it as well..... _________________ Mortgage Refinance
Loan Modification
North Carolina Mortgage Rates |
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lisascherzer

Joined: 04 Jan 2008
Posts: 755
1.07 Dollars($)
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Posted: Sat Jan 12, 2008 1:33 am Post subject: |
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Wow. It's unbelievable what some people think they can get away with. I hope they do take action. Keep us posted. _________________ Lisa Scherzer
Allpointe Mortgage
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440-521-7060
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