Mortgages, Remortgages and Home Loans

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Mortgage Lead (AXcess News)Oakland - The alledged scheme caused home mortgages to falsly appear paid, the US Attorneys office for the Northern District of California said.

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Reverse Mortgage Afederal grand jury in Oakland indicted Dale Scott Heineman, 45, Kurt F. Johnson, 42, and the Dorean Group in a 46-count indictment charging mail fraud, bank fraud, and conspiracy to commit wire fraud, mail fraud and bank fraud.

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Mortgage Quote The charges in the indictment relate to 17 properties in California, Nevada, Texas, North Carolina, Florida, Colorado, Washington, Idaho, and South Carolina with a value of over $5 million. The FBI is continuing to investigate more than 480 properties throughout 35 states with a potential value of $88 million in loans that may have been affected by this alleged scheme. The FBI is investigating properties in 19 California counties affected by this alleged scheme.

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Florida Mortgage Heineman, Johnson and the Dorean Group were operating a debt elimination scheme whereby fraudulent documents were recorded as part of the title of their clients' properties, causing home mortgage and equity loans to falsely appear satisfied when they actually had not been paid. With this fraudulently-generated free and clear title, certain clients, at the direction of the Dorean Group, obtained hundreds of thousands of dollars in home equity loans from independent lenders.

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California Mortgage Loan U.S. Attorney Kevin V. Ryan stated, "Homeowners should be cautious of offers that sound too good to be true. This alleged scheme violates mortgage agreements between the lender and borrower and taints property titles by recording false documents on the title of a home. Manipulating property titles and interfering with mortgage loans with the intent to defraud is illegal and will result in prosecution."

Florida Mortgage Loan Joseph Ford, Special Agent in Charge of the FBI in San Francisco, stated, "Mr. Heineman and Mr. Johnson are accused of being con artists in a sophisticated telemarketing scheme. They are alleged to have incorporated the internet to further their criminal enterprise which is nationwide in scope and has significant impact on the housing market in the U.S. Because cyber space has no borders, the FBI is working with its law enforcement partners from around the world to address these growing crime problems."

California Mortgage According to the indictment, the Dorean Group is an unlicensed and unincorporated entity that has been operating a purported debt elimination program since at least January 2004. The Dorean Group uses brokers to promote its program. On various websites, the Dorean Group and its brokers publically advertise that they have a "PROVEN, legal and moral way of eliminating your mortgage while adding $32K to your pocket (based on a $200,000 mortgage)."

Bad Credit Loan Mortgage The Dorean Group would charge customers an up-front fee of approximately $1,000 to $3,000 per loan and form a trust with Heineman and Johnson as the trustees. Then they would demand of the client's lender to prove the loan they had existed within ten days, after that, they represented themselves to other lenders as representing the original lenders, saying the loans had been repaid. Once financed, they kept 50% of the money.

Commercial Mortgage Heineman and Johnson were previously arrested on state charges filed in Salt Lake City, Utah. They are currently being held in custody in Salt Lake County Metro Jail in Salt Lake City, Utah.

Lowest Mortgage Rate The prosecution is the result of a nine-month investigation by the Federal Bureau of Investigation.

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