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Homeowners faking filings to delay foreclosure


By Call it Crazy   Follow   Thu, 27 Dec 2012, 11:52pm PST   461 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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Kevin   Fri, 28 Dec 2012, 4:03am PST   Share   Quote   Permalink   Like   Dislike     Comment 1

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

Goran_K   Fri, 28 Dec 2012, 4:08am PST   Share   Quote   Permalink   Like   Dislike     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   Fri, 28 Dec 2012, 5:36pm PST   Share   Quote   Permalink   Like   Dislike     Comment 3

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

Oxygen   Fri, 28 Dec 2012, 5:53pm PST   Share   Quote   Permalink   Like   Dislike     Comment 4

lol.

elliemae   Sun, 30 Dec 2012, 4:05am PST   Share   Quote   Permalink   Like   Dislike     Comment 5

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

this is proof.

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