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Ohio Mortgage Broker Indicted in Foreclosure Rescue Scheme

Thursday, March 15 2007 09:27

Sammy Quick, 29, Brookpark, Ohio, and Brian Cicerchi, 29, Middleburg Heights, Ohio, partners at First Primary Mortgage Inc., deceived a woman out of her home through a “foreclosure rescue scheme" according to court records. The victim got behind in mortgage payments and sought help from mortgage broker, First Primary Mortgage, Inc, located at 6902 Pearl Road, Brooklyn, Ohio, in hopes of keeping her home.

Sammy Quick was indicted on one (1) count of each of the following offenses: Forgery, Uttering, Theft by Deception, Securing a Writing by Deception, Telecommunications Fraud, Receiving Stolen Property, Mortgage Broker Prohibitions, and Falsification. He faces a maximum sentence of 33 ½ years in prison.

Brian Cicerchi and First Primary Mortgage Inc. were indicted on one (1) count of each of the following offenses: Forgery, Uttering, Securing a Writing by Deception, Telecommunications Fraud, Mortgage Broker Prohibitions, and Falsification. He faces a maximum sentence of 27 years in prison.

Leslie Looney was indicted on one (1) count of each of the following offenses: Theft by Deception, Securing a Writing by Deception, and Falsification. She faces a maximum sentence of 10 ½ years in prison.

The victim was raised in her parent’s house at 8987 Boxwood Circle Brooklyn, Ohio and was deeded this house by her parents when her father died. Her mother became ill and needed to be placed in a nursing home, so she took out a mortgage on her house to help pay for her mother’s nursing home. Her mother passed away while in the nursing home, and thereafter fell behind in her monthly mortgage payments. She was notified that her house was in foreclosure.

She contacted First Primary Mortgage, Inc. to refinance her house so that she could pay off the mortgage. Sammy Quick of First Primary Mortgage told her that he could help her save her home by transferring ownership for 12 to 18 months to Leslie Looney, 34, of North Ridgeville, Ohio, a relative of his business partner, Brian Cicerchi. During this time, the victim would continue to live in the house and work to improve her credit so that at the end of the 12 to 18 months her house would be transferred back to her.

But Quick took all of the equity out of her house, approximately $56,000, refused to pay her this amount, could not account for this money, and then attempted to evict her from her house. Looney still owns the house. The victim hired a civil lawyer, then filed a criminal complaint and went to the Sheriff’s Department.

2 comments

  • Comment Link Ohioappr Thursday, July 05 2007 21:40 posted by Ohioappr

    You maybe right "the dude", though as an appraiser, I have many mortgage brokers ask for illegal appraised values more time than I can count. They want inflated appraisals, they have no problem makeing up financial documents, and more than once I had a broker tell me that they knew the client could not afford the loan they were going to sell them, but that they would make $30,000 in one instance off the deal. They smiled the entire time. Not all are bad certainly, my experience is that 98% are crooks, liers, and truely heartless scum. The victim may have been less than a saint, but so are most brokers. The industry is sick, with cancer in its heart with th lack of ethics, morals, and sence of right and wrong. How they sleep is beyond me.

  • Comment Link the dude Tuesday, May 08 2007 12:42 posted by the dude

    the victim; did she ever receive money and just say that she didn't. or did she ever attempt to make a payment, Has she made a payment yet or in the last 29 monthsfor that fact,or is she still living for free.... has anyone seen her convictions on her rap sheet for forgery or grand theft..did she take money and forget to tell anyone? Maybe we should look at the "victim" as hard as the never covicted of any crime defendents. Has she made any changes to correct her credit or is she still not paying bills? Does anyone know that she told this story while in rehab. its all in the facts people please research your stories.

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Rachel Dollar 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.
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