Alleged Mortgage Scam "Identified" By Rejected Borrower's ID Theft Report

In San Diego, California, the San Diego Union Tribune reports:

• Last year, an Orange County man was rejected for a personal loan at his credit union. To his surprise, his credit report had been red-flagged because he was six months behind on mortgage payments on a $660,000 home in Oceanside. That was news to him. He had never bought a house in Oceanside. So he contacted police, who uncovered that his identity had been stolen to make the purchase in October 2006.

• Now the home on Overlook Drive is in foreclosure. The real estate agent involved in the deal, Robert Hugh Decker, is in custody in San Diego. Prosecutors allege that Decker's company was paid nearly $37,000 in commissions and that he was collecting $1,800 per month in rent from tenants.

For more, see Foreclosures bringing cases of alleged fraud to light (Alleged Scams include ID theft and cash kickbacks).