Wendy Jean-Francois, 45, of Morrisville, Pennsylvania was sentenced on Monday to two years jail time, five years probation and to pay $63,000 in restitution for providing forged checks and false bank documents at a loan closing. Jean-Francois, as per media reports, had no more than $1 in her bank account at the time but brought $63,000 in self-generated checks to settlement.
There is not word yet if the lender will foreclose on the property in question.
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.