California Real Estate Fraud Report

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Reverse Mortgage Fraud Could Get Woman 30 Year Sentence

A Dallas woman could receive a sentence of 30 years in prison as a result of her guilty plea in a reverse mortgage fraud case.

Mary Ann Fulbright obtained a $176,000 HECM (Home Equity Conversion Mortgage loan on the Rochester, New York home of her deceased parents. Per the Department of Justice and U.S. Attorney Marisa Miller, the loan was based on an application in Fulbright’s father’s name after her mother’s name was removed from title as a result of a quitclaim that was fraudulent (title fraud). Fulbright used the money for herself.

Also participating in the investigation was the Financial Fraud Enforcement Task Force, a federal agency that is part of the US Treasury.

Read the original article in Reverse Mortgage Daily.

© Copyright 2007-2018 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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