Monday, June 23, 2008

Maryland Man Charged With Pocketing Proceeds Of Forged Mortgage Loan On Ex-Landlady's Home; Property Now Faces Foreclosure

In St. Mary's County, Maryland, Southern Maryland News reports:
  • A judge jailed a Park Hall man this week in lieu of $54,000 bond after the suspect’s arrest by police alleging he stole that amount through a loan application with the forged signature of his former landlady. St. Mary’s grand jurors indicted Mack Arthur Jennings, 51, on charges of uttering a counterfeit deed of trust in 2004 and stealing the money from Barbara Ann Sparks, who learned two months ago that she faces a possible foreclosure on her house and land off Indian Bridge Road in California[, Maryland].

  • Sparks, a 56-year-old cancer patient, hired an attorney who successfully staved off a foreclosure hearing scheduled for last month, but future court proceedings lie ahead, her daughter said Thursday.

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  • ‘‘He went to the bank and got the loan,” detective Lt. Rick Burris said Thursday, ‘‘under the guise that the owner of the property was going to co-sign for him. He forged the signature.” The offense was not discovered, the lieutenant said, as long as Jennings paid off the loan. Sparks learned her property was the collateral when those payments ended. ‘‘She didn’t know anything about the loan until he stopped making payments and she started getting foreclosure notices,” Burris said.

For more, see Man, 51, jailed in bank fraud probe (Suspect’s alleged forgery for loan could cost ex-landlady her house).

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