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Homeowners faking filings to delay foreclosure

By Ironman (154/168 = 91% civil)   2012 Dec 27, 11:52pm   ↑ like   ↓ dislike   729 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 »

1   Kevin   2012 Dec 28, 4:03am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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

2   Goran_K (4/4 = 100% civil)   2012 Dec 28, 4:08am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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   2012 Dec 28, 5:36pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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

4   Oxygen   2012 Dec 28, 5:53pm  ↑ like   ↓ dislike   quote   top   bottom   home   share  

lol.

5   elliemae   2012 Dec 30, 4:05am  ↑ like   ↓ dislike   quote   top   bottom   home   share  

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

this is proof.

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