New England Man Gets 27 Months For Recording Forged Paperwork That Purportedly Discharged Lien Of Existing Home Mortgage, Then Used Home As Collateral For Another Loan

In Concord, New Hampshire, The Associated Press reports:

• A former Lowell businessman, [...] has been sentenced to 27 months in federal prison for a separate mortgage fraud case.
  
  According to the U.S. Attorney's Office of New Hampshire, Kurt Sanborn, 48, formerly of Dracut, Mass., received wire, mail and bank fraud charges associated with a mortgage fraud scheme over the course of 2003 and 2004. He pleaded guilty to the charges in May 2014.
  
  According to a [] statement from Acting U.S. Attorney Donald Feith, Sanborn used a $500,000 private loan to buy a home in Manchester in May 2003. In exchange, the private lenders received a first mortgage on the property, recorded at the Hillsboro County Registry of Deeds.
  
  In October of that year, Sanborn sought a $685,000 loan to buy a second home in Gilford. The mortgage company agreed to finance the transaction if it received first mortgages on both properties.
  
  Sanborn deceived the mortgage company by filing a mortgage discharge with the private lenders' forged signatures with the Hillsboro County Registry of Deeds.
  
  He was charged with wire and mail fraud for interstate wire communication and documents delivered by the U.S. Postal Service as part of this scheme.

For more, see Former Lowell businessman given jail term for mortgage fraud.