Sticky-Fingered Title Agents Continue Getting Hammered; Suspect Cops Plea To Mortgaging Home Out From Under Unwitting Owner, Diverting Closing Cash
Written by Administrator on November 2nd, 2011From the Office of the U.S. Attorney (Baltimore, Maryland):Gary Pierce, age 44, of Edgewater, Maryland, pleaded guilty [] to conspiracy to commit wire fraud in connection with a five year scheme to divert or hold mortgage payoff funds from clients’ closings on 17 Maryland properties.***In 2007, Pierce applied for and received a mortgage on a property in Edgewater that he did not own. Pierce used
The Home Equity Theft Reporter
Tags: Agents, Cash, Closing, Continue, Cops, Diverting, From, Getting, Hammered, Home, Mortgaging, Owner, Plea, StickyFingered, Suspect, Title, Under, Unwitting
