27 comments

• Comment Link Wednesday, September 14 2011 12:18 posted by April

  Wow im suprised to see him on the news and paper, i know this man through a friend, he was her "sugar daddy" for some time. He loved getting escorts all the time then meeting them in Mishawaka hotels, at times he would take my friend to Olive Garden. He took very good care of my friend when she needed money, they built a friendship relationship.
• Comment Link Wednesday, September 14 2011 12:15 posted by alexa

  Mike is a good man, i dont believe any of this! People have been trying to bring him down and set him up for years! He is a classy man and is a giver not a taker, he wouldnt fraud anyone.
• Comment Link Thursday, May 05 2011 15:55 posted by glad

  Michael and Jeremie Sheneman were found guilty on 4 counts each of wire fraud today in Norther Indiana District Federal Court! May they get their time in prison!
• Comment Link Wednesday, May 04 2011 12:43 posted by sbt

  Michael Sheneman, 59, is facing four counts of wire fraud related to a mortgage scheme, which allegedly lasted from June 2003 to November 2005. His son Jeremie Sheneman, 33, also is charged in the case. (Photo provided to the South Bend Tribune) (May 2, 2011)
  By MARY KATE MALONE - Follow me @MaloneMK South Bend Tribune Staff Writer
  
  10:07 p.m. EDT, May 2, 2011
  SOUTH BEND — A father and son are on trial this week in federal court for allegedly running a mortgage fraud scheme that targeted unsophisticated buyers looking to become real estate investors in South Bend.
  
  Michael Sheneman, 59, and Jeremie Sheneman, 33, are both facing four counts of wire fraud related to the scheme, which allegedly lasted from June 2003 to November 2005.
  
  Assistant U.S. Attorney Jesse Barrett told the jury in his opening statement that the Shenemans perpetrated the scheme against four victims using two business names, both of them now defunct, Tri-State Mortgage and Superior Mortgage Lending.
  
  Among other things, the Shenemans, in brokering the deals, falsified buyers income and assets, forged signatures, refused to let buyers see the interiors of rental properties they were buying, and concealed from lenders the fact that buyers have simultaneously applied for other mortgage loans, according to federal prosecutors.
  
  The defendants were fully aware of the buyers' lack of knowledge and financial means and nonetheless sold multiple properties to these buyers within a brief period of time by concealing the buyers' true financial status — according to the federal indictment.
  
  The Shenemans sold 60 properties, causing buyers to incur about $3.5 million in mortgage debt, prosecutors said.
  
  Some were immigrants, one was a self-employed electrician and another was a maintenance worker, he said.
  
  "These four buyers were not wealthy. These were not people with experience in managing properties," Barrett said.
  
  Michael Sheneman's defense attorney, David Jones, told the jury that the alleged victims in the case voluntarily chose to work with the Shenemans and purchase the properties.
  
  "Any of these buyers could simply say no, and walk away," Jones said. He said federal prosecutors were trying to portray these buyers as, somehow, victims.
  
  Jeremie Sheneman's defense attorney, Robert Truitt, explained how national economic problems in 2005 led many home buyers to have mortgages they could no longer afford.
  
  "That process, albeit sad, can't be laid at the doorstep of Michael and Jeremie Sheneman," Truitt said.
  
  The Sheneman trial is expected to last for most of this week.
  
  Jurors were reminded that they do not have to find both men guilty on all counts. They were told by U.S. District Judge Jon DeGuilio to view each count and each defendant separately.
  
  Staff writer Mary Kate Malone:
  mmalone@sbtinfo.com
  574-235-6337
  
  
  
  Copyright © 2011, Southbend Tribune
  
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  MishMom at 6:56 PM May 03, 2011
  
  Shame on you Mike, and you are to be this Christian man, high up in your church. I would like to know how you and your son sleep at night. And to be a family man and then to have your son involved in all this is just unreal. How do you look in the mirror at yourself. All the money you have frauded those people, and it was there hard earned money and you were out for the all mighty dollar. I can only hope and pray you and your son get the prison time you deserve. And in the end you will be judged.
  Joe Dater at 2:17 PM May 03, 2011
  
  The Shenamans have caused much more mortgage problems than this article indicates (or that the courts are aware/can prove). They have sold (just my personal knowledge alone) several hundred distressed properties as package deals to inexperienced investors. We (my wife and I) were victims of Jeremy's antics. He likes to play victim and to blame others. He is your typical Narccist and i would not be surprized that he is is a sociopath.Very charming, and knows all the right things to say, he sucked us in hook, line and sinker.
  
  They had a very impressive sales pitch. All which turned out false. They provided us with false leases, claiming tenants rent (in potential homes we were going to purchase) were more than what they were. He ran all of the loans for the homes we would purchase. The majority of homes he would sell when he was at tristate, would be in someone else name or in land trust with himself or someone close (whom he manipulated) as the beneficiary. He would pay people with decent credit to put homes in their name and then have them sell them. Jeremy was very coniving. However, He was also a very polite, mild mannered, soft spoken and charming young man. He was a natural con. Once we figureed him out we ended all association with him. Im glad to see they are finally moving forward on this man. H
• Comment Link Wednesday, March 16 2011 18:06 posted by 743 Diamond Ave

  The Sheibley's should be behind bars as well. Seems like they were friends with Sheneman and worked together to Fraud my family and I. We were never late with mortgage payments and we had a contract with Sheneman. Though my family and I are doing well now and we own a home we bought from an actual bank and not some want a be. The Sheibley's lost out and that's too bad, we did offer to buy the Diamond Ave home and they refused to sell it to us, they lost and we win. They are all just dumb asses.
• Comment Link Monday, October 11 2010 14:19 posted by Merrian Hicks

  IF u hear any thing else on Jereime let me know i would love to see behind bar
• Comment Link Saturday, October 09 2010 06:28 posted by South Bend

  Anything new on Sheneman?
• Comment Link Tuesday, September 28 2010 06:23 posted by sbt

  Man charged in bogus loans
  They totaled more than $4 million.
  
  By JEFF PARROTT
  Tribune Staff Writer
  
  A former South Bend man faces federal fraud charges alleging he used false information to obtain more than $4 million in mortgage loans.
  
  Jeremie Sheneman, 32, now living in College Point, N.Y., brokered the loans while working out of Mishawaka-based Superior Mortgage Funding in 2005, according to a grand jury indictment unsealed in South Bend federal court.
  
  Sheneman was arrested in New York on Wednesday and made an initial court appearance there. A judge allowed him to remain free on the condition that he return to South Bend to face the charges, and he was back in South Bend on Monday, said Mary Hatton, spokeswoman for the U.S. attorney for northern Indiana.
  
  Sheneman has an arraignment set for Monday, but he could be arraigned before then, Hatton said.
  
  The indictment alleges that Sheneman used the good credit of a "close family member," referred to only as "P.S.," to obtain mortgage loans to buy eight properties in Chicago, California and New York state. He knowingly overinflated her income, hid the fact that it was him rather than her paying toward the purchase prices, and reported an incomplete list of her liabilities, prosecutors say.
  
  Sheneman also falsely claimed that the relative planned to expand the nature and scope of a consignment shop she owned in Granger, according to the indictment.
  
  Jeremie Sheneman is the son of Michael P. Sheneman. The pair are defendants in several civil lawsuits alleging mortgage fraud, as documented in a January 2007 Tribune investigative series, "Mortgage Maelstrom."
  
  The Shenemans have denied the mortgage fraud allegations in court and have reached settlements with some of the plaintiffs, according to court records.
  
  Staff writer Jeff Parrott:
  jparrott@sbtinfo.com
  574-235-632
• Comment Link Friday, August 27 2010 18:16 posted by Screwed

  It looks like Jeremie Sheneman was sued by one of his victims this week. Too Bad.
  
  Now lets see if the Sheibley's have what it takes to sue Jeremie Sheneman.
• Comment Link Friday, August 13 2010 16:39 posted by Suckers

  Jeremie Sheneman wanted us to wire funds to a B of A account which we did. We were late a few times but cought up on payments. We were allowed 60 days to be late we were under 60.
  
  Here is a part of the so called Deed.
  
  IF any sum of money herein referred to is not promptly paid, or if there is a breech of any covenant, condition, stipulation or agreement of this Mortgage or Promissory Note, the mortgagor shall be in default. If the mortgagor remains in default for a period in excess of SIXTY (60) calendar days, the entire unpaid loan balance thereon, shall forthwith, or thereafter at the option of the mortgagee, become accelerated and be immediately due and payable, unless mortgagor cures the default by: (a) paying mortgagee all sums which then would be due under the Promissory Note and Mortgage, as if no acceleration has occurred; and (b) cure any default of any other covenants or agreements; and (c) pay all expenses incurred by mortgagee in enforcing this Mortgage and Promissory Note, including, but not limited to reasonable attorneys’ fees and court costs; and (d) take such action as mortgagee may reasonably require to assure that the lien of this Mortgage, mortgagee’s rights in the property, and mortgagor’s obligation to pay the sums secured by this Mortgage shall continue unchanged. Upon cure of the default as provided for above, this Mortgage and Promissory Note shall remain fully effective as if no acceleration had occurred. Failure by the mortgagee to exercise any of the rights or options provided herein shall not constitute a waiver of any rights or options under said Promissory Note or this Mortgage accrued or thereafter accruing.
  
  The makers and endorsers of this note further agree to waive demand notice of non-payment and protest, and in the event suit shall be brought for the collection hereof, or the same has to be collected upon demand of an attorney, to pay reasonable attorney’s fees and other costs incurred by lender for making such collection. All delinquent payments hereunder shall bear interest at rate of eighteen (18) percent default interest per annum, or the highest allowed by law, whichever is lower, from maturity until paid. This note is secured by a Mortgage of even date herewith and is to be construed and enforced according to the laws of the State of Indiana; upon default in the payment of principal and/or interest when due, the whole sum of principal and interest remaining unpaid shall, at the option of the holder, become immediately due and payable. Failure by the lender to exercise any of the rights or options provided herein shall not constitute a waiver of any rights or options.
  
  ALL PAYMENTS ARE DUE ON OR BEFORE THE FIRST OF EACH MONTH. ANY PAYMENT NOT RECEIVED BY THE TENTH OF EACH MONTH IS SUBJECT TO A LATE FEE EQUAL TO TWENTY FIVE DOLLARS.
  
  This note is payable at: Bank of America; (Flushing, NY) Routing number 026009593 and Account number 483012400419; Account is under the name First Source National Homes
  
  The house that dumb ass Sheneman sold from under us to the low lifes Sheibley seems to be just sitting at 743 Diamond Ave collecting taxes. Taxes haven't even been paid yet.
  
  We did offer to buy the home for $5100 from the Sheibley's but they made a mistake and turned it down.
  
  I'd still like to know who the old man was that came over to through us out. This man, working for Sheneman threatened to throw my mom and son out in the snow back in Dec of 2008. If I ever see him, I'll kick his fucking ass hard. Fuck You Jeremie, Fuck You sheibley's and hope I don't see that old fuck in a dark alley.