Clear Title, Sell House, Plead Guilty

Rachel Dollar —  June 29, 2016 — Leave a comment

Veronica Washington was charged by information in the U.S. District Court for the District of Columbia and plead guilty to conspiracy to commit bank fraud.

According to the information, Washinton purchased residential real estate at 123 57th Street SE, Washington D.C. on February 20, 2008 and obtained two mortgage loans for approximately $470,000 total from SunTrust Mortgage. By 2009, she had failed to maintain timely mortgage payments and, in February 2010, she entered into a HAMP trial period plan.  By May 2010, she was again behind on her mortgage payments and, on May 7, 2010, a Notice of Foreclosure was filed with the DC Recorder of Deeds.  In April 2013, SunTrust Mortgage began the process of foreclosure.

Sometime before October 2, 2013, according to the information, two fake Certificates of Satisfaction of the mortgages were recorded which represented SunTrust had been paid and that Washington owned the property “free and clear.” The satisfactions contains forged signatures of someone purporting to be an individual authorized to sign for SunTrust Mortgage.

On or about October 11, 2013, Washington listed the property for sale for $425,000 – even though she owed in excess of $470,000 on the two SunTrust mortgages.  On or about November 10, 2013, Washington agreed to sell the property to a buyer for $379,000.  After signing documents to complete the sale in December 2013, the title company wired Washington the sales proceeds of over $337,000.

The charges to which Washington pled guilty carry a maximum possible sentence of 5 years in prison and a $250,000 fine.

 

 

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Rachel Dollar

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