Paul Robertson, 31, home-builder, Benton, Arkansas, was sentenced to 15 years in Arkansas state prison after being convicted of felony charges of theft of property and multiple counts of forgery. Robertson received a 53-month federal sentence in the summer of 2004 for making false statements on loan applications to federally insured banks.
Robertson, owned and operated PAR Homes. He was alleged to have engaged in multiple fraudulent plots involving home loans and home construction, including using appraisal software to defraud lenders into granting home mortgages on empty lots by electronically pasting a picture of a home on a photo of a vacant lot.
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.