Homeowners faking filings to delay foreclosure

By Ironman   follow   Thu, 27 Dec 2012, 11:52pm PST   ↑ Like   ↓ Dislike   567 views   5 comments   Watch (0)   Share   Quote  

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.

#housing

Comments 1-5 of 5     Last »

Kevin   befriend (0)   ignore (3)   Fri, 28 Dec 2012, 4:03am PST   Like   Dislike     Share   Quote   Comment 1

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

Goran_K   befriend (4)   ignore (2)   Fri, 28 Dec 2012, 4:08am PST   Like   Dislike     Share   Quote   Comment 2

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.

bmwman91   befriend (7)   ignore (1)   Fri, 28 Dec 2012, 5:36pm PST   Like   Dislike     Share   Quote   Comment 3

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

Oxygen   befriend (0)   ignore (0)   Fri, 28 Dec 2012, 5:53pm PST   Like   Dislike     Share   Quote   Comment 4

lol.

elliemae   befriend (25)   ignore (4)   Sun, 30 Dec 2012, 4:05am PST   Like   Dislike     Share   Quote   Comment 5

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

this is proof.

Watch comments by email

home   top   share   link sharer   users   register   best comments   about   free bumper sticker  

#housing   #investing   #politics   #economics   #humor  
please recommend patrick.net to your friends