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Real Estate & Property Law

: The Home Equity Theft Reporter

Colorado Mortgage Broker Charged With Using Phony Documents To Obtain Loan In Property Sale, Then Stealing Portion Of Proceeds From Seller, Buyer

By r morris

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In Aurora, Colorado, The Denver Post reports:The owner of an Aurora mortgage service company has been indicted by the state grand jury for fraudulently obtaining a home loan for a client and then stealing some of the proceeds from the subsequent real estate transaction. The indictment alleges that 50-year-old Ernie Colter, owner of PMCS mortgage services company, convinced a woman identified as

Full post as published by The Home Equity Theft Reporter on June 09, 2009 (boomark / email).

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