| |
|
|
|
|
Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
Reach mortgage executives, loan originators and other people tied to mortgage industry.
Free mortgage news for prospective borrowers.
Free e-mail newsletter with the latest headlines from MortgageDaily.com.
The latest case activity tracked by FraudBlogger.com for your Web site or for your RSS reader.
Archive of FraudBlogger.com entries going back to 2005. |
|
|
| |
|
| |
February 5, 2009
A lawyer is facing disbarment after being implicated in a mortgage fraud scheme that allegedly involved his fraudulent notarization of a deed. In any case, he conducted a refinance closing in a state in which he is not licensed.
Paul B. McCarthy has been named in an ethics complaint filed by the disciplinary counsel, David Curtin. McCarthy allegedly traveled to Newport, N. J. to conduct a closing on a $320,000 mortgage refinance for a mother and son who jointly own the property.
Curtin charges that son wasn't present and McCarthy advised the father to sign the documents in his place and then McCarthy notarized the deed, dating it for the day prior. Curtin alleges McCarthy violated his obligation as a notary public.
McCarthy practiced law with Pasquale A. Scavitti III, the man who allegedly directed McCarthy to conduct the Newport closing. Subsequently, Scavitti has been accused of stealing more than $200,000 that was supposed to be used to pay off prior mortgages on the subject property. Last August, Scavitti had admitted to stealing more than $2.5 million from various homeowners. He has been disbarred but not yet criminally charged.
Read story at The Providence Journal
|
|
|
