In The News
Mortgage Loan Compliance | Defrauding Lenders to Stall Foreclosure
August 29, 2009 by sueyourlender · Leave a Comment
According to U.S. Attorney for the Eastern District of Michigan, Terrence Berg, in 2007 James Whitaker’s mortgage holder, Deutsche Bank, began foreclosure proceedings on a $970,000 mortgage Whitaker had obtained on the residence he occupied. However, he held title to the property in his sister-in-law’s name.
When the bank began eviction proceedings to take possession of the property, Whitaker had a bankruptcy petition preparer file several bankruptcy petitions in his sister-in-law’s name to halt eviction action. By doing this, the value of the property substantially decreased.
Whitaker, a former Orchard Lake, Mich., resident, pleaded guilty before U.S. District Judge Bernard A. Friedman to filing fraudulent bankruptcy petitions to defraud his mortgage lender and forestall foreclosure on his mortgage and take possession of his property. Sentencing for Mr. Whitaker is scheduled for Nov. 17, 2009.
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