Cash Back, Double HUD Scam Lands Two In Jail
Reportedly, the title company handling the preparation of the closing paperwork issued two HUD settlement statements - one with the actual price that went to the seller and one with the inflated price that went to Wilkins and to the finance company providing the money.
The two women that Ms. Snyder reportedly learned the double HUD technique from, Angela Byrd and Donovan Jean Barnes-Bass of Executive Title Company, each received 18 month sentences. To read more, see Snyder Gets 36 Months, Wilkins 27 Months For Mortgage Fraud.
Go here for the Indictment - U.S. vs. Snyder, Wilkins.
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