Florida Closing Agent Gets 3 Years In Scam Involving $17M+ In Fraudulently Obtained Mortgages

In Jacksonville, Florida, The Florida Times-Union reports:

• The manager of a title agency in Jacksonville was sentenced to three years in federal prison Monday for being part of a mortgage scam that collected millions of dollars from dishonest loans on upscale homes. Robert W. Hulbert, 46, was the closing agent on some mortgages and arranged loans on two properties he bought personally, according to a news release from the U.S. Attorney's Office. Hulbert managed the Jacksonville branch of Nations Title Agency of Florida.

Prosecutors say the fraudulently obtained mortgages totaled $17.7 million, of which scam members pocketed about $4 million. The case was prosecuted by the U.S. Attorney's Office in Jacksonville. For more, see:

• Mortgage scammers get 3 years, must pay $1.2 million,
• U.S. Attorney press release.