The following press release was issued by American Security Title Company:
Stephanie Corsmeier, Stacey Lester and American Security Title Company deny the allegation that they participated in, or conspired in, the mortgage fraud schemes perpetrated by Clarence Harris and Ike Bronson. Harris and Bronson have pled guilty to the fraud charges brought against them, and they are seeking leniency at their sentencing next month by falsely accusing others.
American Security Title Company first learned of Bronson's mortgage fraud schemes in 2004 and of Harris' schemes in 2005. Immediately upon learning of their fraud, American Security Title Company refused to do any further business with either individual. Their business with our company was less than 1% of our total business, and we never received any payments from Harris or Bronson other than our normal title fees.
American Security Title Company will remain open and ready to serve your real estate title needs. Stephanie and Stacey await their opportunity at trial to demonstrate the falsity of the claims made against them by convicted felons Bronson and Harris.
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.