Apprentice Appraiser Sentenced for Inflating Home Values

Allison Tussey —  August 19, 2013 — 1 Comment

Bobbi Jo Wojewoda, 46, Grimes, Iowa, was sentenced by United States District Court Chief Judge James E. Gritzner to 18 months in prison for conspiracy to commit bank fraud. Judge Gritzner also sentenced Wojewoda to serve 60 months of supervised release following the completion of her prison term.

In an earlier hearing, Wojewoda admitted she used her position as an apprentice appraiser to prepare appraisals with inflated values to help herself, and others qualify for mortgage loans. Wojewoda also failed to disclose material conflicts of interest to the mortgage lender when she performed appraisals on her own home and homes where she was the real estate agent.

In a related matter, Wojewoda’s husband, Wade Charles Wojewoda, 45, pled guilty to receipt of proceeds obtained under false pretenses, related to the purchase of the Wojewoda’s home in 2003. Wade Wojewoda admitted he received loan proceeds knowing, or he was aware of a high probability, that the proceeds had been obtained under false pretenses. Specifically, he knew, or deliberately closed his eyes to the fact that a false document had been submitted to a bank to secure the loan proceeds. Wade Wojewoda was sentenced to three years probation on July 31, 2013.

United States Attorney Nicholas A. Klinefeldt announced the sentence. This case was investigated by the Federal Bureau of Investigation, and the case was prosecuted by the United States Attorney’s Office for the Southern District of Iowa.

 

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Allison Tussey

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One response to Apprentice Appraiser Sentenced for Inflating Home Values

  1. To disclose material conflicts of interest to the mortgage lender when she performed appraisals on her own home and homes where she was the real estate agent.

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