Woman Indicted for Mortgage Rescue Scheme

Allison Tussey —  November 8, 2010 — Leave a comment

Karen Tappert, a Nevada resident, was indicted for a mortgage rescue scheme involving 5 properties in Nevada, New Mexico and California.

According to the indictment, from late 2007, to November 2009, Tappert offered mortgage rescue services, rescuing mortgages by recording fraudulent deeds that purported to convey the property from the true owner to a business entity that she controlled.

The indictment also alleges that Tappert engaged in a “squatter’s scheme.” The squatter scheme entailed squatting on foreclosed properties that were abandoned. From December 2009, to approximately February 2010, Tappert located foreclosed properties and filed fraudulent deeds that she notarized purportedly conveying the property title to a business entity that she controlled. Tappert then used the properties for own use, either renting them out, or selling them.

The properties involved in the scam include:

3012 Amari Ave., Las Vegas, Nevada, 89141;

1601 Imperial Cup Dr., Las Vegas, Nevada, 89117;

32 Via Vista #28106, Henderson, Nevada, 28106;

612 Diamond St., Farmington, New Mexico, 87401; and

675 Gregory Cir., Corona, California, 92881.

Tappert is currently being held without bail.

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Allison Tussey

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