7 comments

• Comment Link Friday, January 11 2008 12:35 posted by Macze Agel

  How much time did these guys get?
• Comment Link Tuesday, September 11 2007 17:56 posted by Lori Jaretsky

  I for one believe that it's very possible to get caught up in something that you where not made aware of. I say this because this happened to my brother. He had just rec'd his appraisers license and we where all so proud of him. The work started pouring in and things looked good. His kids where proud! A phone call for more appraisals came in and my brother of course took the work, who wouldn't? He did the appraisals 37 appraisals just like he did the other 150. All the same formulas on all of his appraisals. The way he was taught to do them. Several months later he was contacted that something was wrong and they where going after "The Big Guy" as a scheme was being uncovered. They took away my brothers appraisal license, hence NO WORK... Stripped of what he worked so hard for. Had to re-mortgage his home several times, to live, and ultimately had to file bankruptcy. All this without even being found guilty. Now several years later he is being told to plea bargain, after being Indited for Mortgage fraud. All this for answering a phone call asking him to do appraisals. Maybe the "BIG GUY" has a list of new appraisers and targets them. I don't know that answer. I just know that as I sit here typing this I see a loving Father and Brother being torn to shreds, as well as his family. He faces a long battle against the courts to prove his innocence.
  Can it be that YES he was just doing his job and was in NO WAY aware of what was taking place. He was NEVER paid a dime extra for these appraisals.
  Well I can go on and on into great detail, but I will stop and PRAY that this all works out and that the "BIG GUY" who started this fraud will pay dearly for bringing my brother into this.
  Think about it, this could be you or a family member being indited for a crime you did not commit. Before you make HARSH judgement you should know the facts.........
  Lori Jaretsky
• Comment Link Thursday, June 07 2007 19:16 posted by GTFan

  I just cannot believe Jim Stovall would do anything illegal. Of course, with federal indictments that try them all together, I guess it doesn't really matter if he's innocent or guilty since a fraud seems to have occurred.
• Comment Link Friday, April 21 2006 10:19 posted by Justin

  Excellent work by our Federal Investigators. What a bunch of chicken shit rat bastards.
  
  Nice write up, thanks
• Comment Link Wednesday, April 19 2006 14:29 posted by Rachel Dollar

  The indictment is on Mortgage Fraud Blog and is linked to from the article.
• Comment Link Wednesday, April 19 2006 07:58 posted by cassandratruth

  anyone have a copy of the indictment? Jim Stovall is a well regarded lawyer in Atlanta so it would be interesting to see what these people got into
• Comment Link Tuesday, April 18 2006 14:03 posted by Mike

  The Federal 15 just indicted for Mortgage Fraud are the tip of the iceberg. Consumers, in the main, have no idea that this type of thing goes on, but they can be radically affected by it if they buy a home in aa area rampant with flipping. It can have a terrible downside short-term effect on homeowners who are considering selling in that same area. Consumers need to be alert to unusually high transaction volume, vacant homes springing up, moving or rental trucks constantly in the residential area or an increasing number of rentals homes in an area. These could be signs of a flip neighborhood. Be sure to do your own indpenedent research before buying a home.