Mortgage News: Seven firms closed in Calif. mortgage fraud probe

Add a Comment , March 20th, 2008

LOS ANGELES — In August 2007, investigator Eric Bremner found evidence in a shredder at Olympic Escrow that he says confirmed borrowers’ complaints that they had never signed the mortgage documents that pushed them into a financial hell.
Bremner found pieces of documents that had been cut to remove signatures and notary seals. Loan applications, escrow agreements and other documents had signatures that had been taped on, he said.

“That validated the statements that the victims had been making over and over again: That they did not recall signing these documents and they did not agree to the terms of the loans they were given,” says Bremner, a senior investigator in the real estate fraud unit of the San Bernardino County district attorney’s office.

Tags: ,



Leave a Reply

LifeLock Identity Theft Prevention - Save 10%


HOME

Free Mortgage Rate Check - Compare Loan Options – Get Started Today!