Dennis M. Wiese Jr., Belleville, Illinois, entered into a consent order with the Illinois Department of Financial and Professional Regulation whereby he agreed to a 10 year revocation of his real estate appraiser license. The Department of Financial and Professional Regulation had filed a complaint against Wiese alleging 10 allegedly inaccurate appraisals, performed in 2001 and 2002. The complaint included allegations that Wiese failed to document disrepair in some of the homes which were located in Decatur and Belleville, Illinois.
According to the consent order, Wiese had a four-year business relationship with Gary Knox, 59, Decatur, Illinois. During that time, it was alleged that Knox would order appraisals from Wiese, providing him with information about the condition of the properties and information about the sales of what he said were comparable properties.
In a separate complaint, the Department of Financial and Profession Regulation has alleged that Knox acted as a real estate agent without a license. Knox served prison time in the mid-1990s for federal mail and bank fraud. As part of the consent order, Wiese will cooperate in the investigation of the complaint against Knox.
Knox is scheduled for a civil hearing on the complaint on May 17, 2005 before an administrative law judge to determine whether disciplinary action (a fine) is warranted


Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.