Title Company Owner, Two Others Convicted In Cleveland-Area Mortgage Scam Involving Nine Properties; Await Trial In Another Case Involving 28 More

In Cuyahoga County, Ohio, The Cleveland Plain Dealer reports:

• The owner of a real estate title company, her mother and a mortgage loan officer were convicted [last week] in Cuyahoga County for their roles in a fraud scheme involving nine houses. Clarissa Foster, 35, of Macedonia (44 counts); her mother, Bettie Simpson, 60, of Macedonia (2 counts); and Corritha Wells (20 counts), 41, of Cleveland, are scheduled to be sentenced Aug. 11.

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• "Wells and Foster are major players who were caught conducting their rampant mortgage fraud scheme throughout the county," Cuyahoga County Prosecutor Bill Mason said in a statement.

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• The property sellers have already pleaded guilty to related charges. Foster, Simpson and Wells await trial on charges related to a similar scheme involving 28 other properties.

For more, see Three convicted in Cuyahoga mortgage fraud scheme (Nine properties in Cuyahoga County).

For the Cuyahoga prosecutor's office press release, see Mortgage Broker and Two Title Company Officials Found Guilty.