ABN AMRO v. Maximum Mortgage – Click here to View Civil Complaint – Available on Mortgage Fraud Blog
ABN AMRO filed a civil lawsuit against the following defendants:
Maximum Mortgage, Inc.
Justin Stuckey, Principal of Maximum Mortgage, Inc.
Carrie Stuckey, Principal of Maximum Mortgage, Inc.
Rex D. Wells, Real Property Investor
Accelerated Title Company
James Pappas, owner of Accelerated Title
Corey Stuckey, manager of Fort Wayne office of Accelerated Title
Stewart Title Guaranty Company
Greg Chevalier, appraiser at times employed by Appraisal Source and principal of Allen County Appraisal
Appraisal Source of Fort Wayne, Inc.
Allen County Appraisal, Inc.
Eilatan, dba or Parnership of Rex D. Wells
Indiana Resource Network, dba or Parnership of Rex D. Wells
Alliance Property Management, dba or Parnership of Rex D. Wells
Richard Rollins, appraiser employed by Appraisal Source
The complaint alleges that it arises from a mortgage fraud scheme concerning 149 loans originated by Maximum Mortgage on properties in Fort Wayne, Indiana. From the complaint, it appears that all of the loans were made to two distinct borrowers, the Nulls and Brogren.
The complaint alleges that the transactions were all submitted as refinance loans when, in fact, they were original purchase loans. The actual values of the real estate used as collateral is alleged to be a fraction of the loan amounts – the original face amount of the loans is alleged to be $5.5M while the actual property values are reflected as $3.1M. Although not set out in detail, the complaint also alleges submission of false or fraudulent applications and loan documentation including job history and income. Click here to view a copy of the Complaint
