Man Arrested for Stealing Real Estate From Rightful Owners

Hey Folks!

Here is another twist with Real Estate fraud. Norris Fisher, 62, from Fort Worth, Texas, has been arrested on a mail fraud charge.

Fisher filed fraudulent warranty deeds with the County Clerk’s Office. The deeds were almost always vacant lots with unpaid taxes and week liens. After forging the deed the clerk’s office would record it and mail the original deed to the name and address designated on the warranty deed. To conceal the connection Fisher filed a change-of-address form with the US post office (the mail fraud) to a PO box that he rented.

Fisher also identified properties whose owners had recently died. He forged the heirship affidavit and then forged a warranty deed. He would then file an additional fraudulent warranty deed that transferred the property from the first entity to other business entities he controlled.

After transferring the stolen properties to an entity he controlled he would lease the mineral rights or sell the property.

According to the affidavit, Fisher acquired more than 100 real properties valued at more than $1,000,000.00.

This is just another of many stories that have put our industry in peril. When the dust settles billions and maybe trillions will be lost. Now it’s important as ever to deal with a professional with your interest in mind. When you need some help I’m here for your questions.

American Bank Mortgage Group is a direct lender servicing all 50-states. I’m centrally located in Indianapolis, IN and can help answer your questions and best of all we close mortgages in 10-days or less.

At your service,
Tony Grego
Senior Mortgage Banker
American Bank - Indianapolis, IN Branch

www.getmyratequote.com
www.tonygrego.com to learn more about me

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