Kara E. Robinson- Franks a/k/a Kara E. Garret, a Kansas resident, was sentenced for wire fraud and money laundering in connection to her role in a mortgage fraud scheme.
As previously reported on Mortgage Fraud Blog and per court documents, Robinson - Franks held herself out to be a real estate agent and vice president of Operations and Human Resources for Heritage Financial Investments and Legacy Enterprises. Robinson-Franks along with others conspired to obtain mortgage loans by submitting inflated property appraisals and other false information to lenders.
Robinson- Frank was sentenced to service 36 month in prison. Robinson- Frank has also been ordered to pay $680,836.54 in restitution to B of A, Federal National Mortgage Association, Hamilton Mortgage and Long Beach Mortgage Company.
Kara E. Robinson- Franks was sentenced by U.S. District Judge John W. Lungstrum, in the District of Kansas.
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.