Mortgage Fraud Blog - Displaying items by tag: Short Sale Fraud

Real Estate Agent Goes to Jail For Short Sale Fraud

Sergio Natera, 37, Bridgeport, Connecticut, was sentenced to two months of imprisonment, followed by three years of supervised release, for his involvement in a "short sale" mortgage fraud scheme.

Thursday, August 04 2011 06:26

3 Admit Reverse Mortgage Fraud

Louis Gendason, 42, Delray Beach, Florida, Kimberly Mackey, 46, Pittsburgh, Pennsylvania, and John Incandela, 24, Palm Beach, Florida, each plead guilty to their participation in a $2.5 million Home Equity Conversion Mortgage (a.k.a. reverse mortgage) fraud scheme. The remaining defendant, Marcos Echeverria, is scheduled to appear in court on August 10, 2011.

Thursday, July 28 2011 00:38

Man Admits Attempting to Bribe Bank Employee to Secure Short Sale Approvals

Richard Pilewicz, 54, Scottsdale, Arizona, an unlicensed real estate agent, pleaded guilty to federal bribery charges for offering to pay thousands of dollars to an individual he believed was a Bank of America employee in exchange for shortened approval times and lower appraisal values in short-sale transactions.

Tuesday, July 26 2011 06:12

Short Sale Fraudster Goes to Jail

Anna McElaney, 40, Norwalk, Connecticut, was sentenced by United States District Judge Janet C. Hall in Bridgeport, Connecticut to eight months of imprisonment, followed by three years of supervised release, the first six months of which McElaney must spend in home confinement, for her involvement in a “short sale” mortgage fraud scheme.

Thursday, January 06 2011 06:05

Florida Man Sentenced for Short Sale Fraud

Victor Cedeno, 26, was sentenced by U.S. District Judge Mary S. Scriven to five years in federal prison for his participation in a mortgage fraud conspiracy and for engaging in money laundering. In civil forfeiture proceedings, the Court ordered Cedeno to forfeit in excess of $1.3 million, which are traceable to proceeds of the offense.

Friday, June 25 2010 01:03

Short Sale Fraud on the Rise

A warning has been issued to homeowners about an alarming rise in short sale fraud across California in a field "rife with scam artists". A short sale is an arrangement in which a homeowner sells his or her home for less than the outstanding mortgage, with the consent of the lender. Attorney General Edmund G. Brown Jr. joined the California Department of Real Estate and the State Bar of California in

Monday, March 29 2010 01:58

Georgia Man Pleads Guilty to Short Sale Fraud

Brent Merriell, 37, Atlanta, Georgia, pleaded guilty in federal district court to charges of making false statements to the Federal Deposit Insurance Corporation (FDIC) and aggravated identity theft. According to the indictment and as previously

Monday, February 22 2010 01:26

Agent Pleads Guilty to Short Sale Fraud

Anna McElaney, 38, Norwalk, Connecticut, a licensed real estate agent, has pleaded guilty to one count of bank fraud stemming from her involvement in a "short sale" mortgage fraud scheme. As previously reported on

Friday, February 12 2010 01:17

Agent Admits Short Sale Fraud

Sergio Natera, 35, Bridgeport, Connecticut, a licensed real estate agent, pleaded guilty to one count of bank fraud stemming from his involvement in a "short sale" mortgage fraud scheme. As previously reported on Mortgage Fraud

Wednesday, December 23 2009 01:01

Georgia Man Indicted for Short Sale Fraud

Brent Merriell, 37, Atlanta, Georgia has been indicted by a federal grand jury on charges of aggravated identity theft and false statements to the FDIC. According to the charges and other information presented in court: Merriell obtained several million dollars in loans in his name and in the names of his family and friends from "Omni

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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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