Homeowners faking filings to delay foreclosure


By Call it Crazy   Follow   Fri, 28 Dec 2012, 7:52am   393 views   5 comments
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http://www.securingindustry.com/security-documents-and-it/homeowners-faking-filings-to-delay-foreclosure/s110/a1550/

Homeowners in California are buying fake documents to delay foreclosures on their properties, a local paper reports.

Prosecutors in Stanislaus County, California, have cottoned on to the practice and begun cases against four homeowners. The four are accused of filing phony court documents - claiming the debt has been repaid or changing a trustee - in an attempt to stall foreclosure proceedings.

"It comes to a point where enough is enough. How many breaks can we give these people?” Jeff Mangar, a prosecutor with the district attorney's fraud unit, told The Modesto Bee. Staff handling filings are now aware of the practice and tip off investigators.

The counterfeit court filings are available online - for a fee - from websites claiming they can tie up banks in administrative proceedings for years. A website reviewed by the Bee claims none of its 2,600 customers have made a mortgage payment in the past two years.

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  1. Kevin


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    1   12:03pm Fri 28 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    What a brilliant scam. I wish I had thought of it.

  2. Goran_K


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    2   12:08pm Fri 28 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    Call it Crazy says

    "It comes to a point where enough is enough. How many breaks can we give these people?” Jeff Mangar, a prosecutor with the district attorney's fraud unit, told The Modesto Bee.

    I like the way this guy thinks.

  3. bmwman91


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    3   1:36am Sat 29 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    There's no better place to squat indefinitely than CA, baby! The CA dream is alive and well.

  4. Oxygen


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    4   1:53am Sat 29 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    lol.

  5. elliemae


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    5   12:05pm Sun 30 Dec 2012   Share   Quote   Permalink   Like   Dislike   Protected  

    For every action there's an equal and opposite reaction.

    this is proof.

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