Mortgage Broker Faces Forgery, Theft Charges In Alleged Scam Resulting In Foreclosure Of Victims' Homes

In Pennsylvania, The Philadelphia Inquirer reports:

• A Delaware County couple had to put their wedding on hold after losing two properties at the hands of a disbarred lawyer turned mortgage broker, authorities said. Joseph James Scafidi, 53, of Warminster, a former Bucks County prosecutor and convicted felon, turned himself in [last week] to face theft and forgery charges. He is accused of fabricating documents, including a phony court order from Delaware County's president judge, to hide his theft of mortgage payments.

***

• After the couple lost both houses [to foreclosure], they confronted Scafidi, who offered them $150,000 if they did not report him to police, the complaint said.

Reportedly, Scafidi's prior brush with the law occurred in 1996 when he consented to disbarment after he was accused of embezzling $264,000 in real estate settlement fees from a Fort Washington title company. He served a 10- to 23-month prison sentence in 1998.

For more, see Broker accused of stealing mortgage payments.

Go here for other posts on Joseph James Scafidi.