Fraud by Forgery
A fraudster registers forged documents transferring the property of an innocent victim to his or her name, then registers a forged discharge of the existing mortgage, and finally obtained a new mortgage against the property and then makes off with the money without making payments. The mortgage then goes into default and the lender commences foreclosure proceedings.
The registered owners of the property deny they signed the mortgage. They later find out their grandson has forged their signatures on the mortgage documents, inventing a “lawyer” and purchasing a stamp at a stationary store in order to authenticate the documents.
Identity Theft Impersonation and Mortgage Fraud
A homeowner discovers she has become a victim of fraud when a lender tells her that someone has impersonated her to obtain financing on her property. The impersonator has had a mortgage broker arrange for a first and second mortgage on the property.
It is revealed that when the impersonator met with a lawyer to sign the mortgage documents, he produced a fake driver’s license as evidence of his identity. The funds were then advanced to the impersonator. Often, this can happen when a person has an accomplice impersonate his or her spouse in order to mortgage the property in which they live.
 To learn more about Fraud and ID Theft from Author Gary Ford, Click here. |
