Walter Jackson, 32, Richton Park, Illinois was sentenced to 5 years in prison after his conviction last month on charges of financial identity theft, theft and forgery. Jackson was accused of using the identity of a U.S. Air Force sergeant to secure a $385,000 mortgage to purchase a home in Richton Park, Illinois.
He was also accused of utilizing a straw buyer to obtain $285,000 in loans for another house he was trying to sell, according to media reports.
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.