D.C. Feds Pinch Local Man For Role In Alleged Scheme To Record Forged Lien Satisfactions For Approx. $470K On Underwater Home In Foreclosure, Then Selling Property (Purporting To Be "Free & Clear" ) & Pocketing Nearly $340K In Sales Proceeds While Stiffing Bank

From the Office of the U.S. Attorney (District of Columbia):

• David Tyrone Johnson, 48, of Washington, D.C. has been indicted on charges that he conspired to commit bank fraud and other crimes arising from a real estate scheme involving a forged mortgage satisfaction document.
  
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  According to the indictment, SunTrust Mortgage, Inc. loaned a friend of Johnson’s approximately $470,000 to purchase residential real estate [...] in 2008. By 2009, the friend had failed to repay the mortgage loans, and in 2010, SunTrust Mortgage filed a notice of foreclosure with the District of Columbia’s Recorder of Deeds.
  
  In April 2013, SunTrust Mortgage began the process of foreclosing on the mortgage and taking possession of the property, due to the friend’s failure to make good and timely payments on the mortgage loans.
  
  The indictment alleges that sometime before Oct. 2, 2013, Johnson caused the creation of two phony and forged certificates of satisfaction, which falsely represented that the SunTrust Mortgage loans [...] had been paid and that his friend owned the property “free and clear.” The indictment also alleges that on Oct. 2, 2013, Johnson filed these two phony certificates of satisfaction with the Recorder of Deeds.
  
  In or about December 2013, after the fake certificates of satisfaction allowed the friend to sell the property without paying the outstanding mortgages, the title and escrow company wired out the sales proceeds of $337,105, of which approximately $170,688 was obtained by Johnson.

Source: District Man Indicted for Conspiracy and Bank Fraud (Allegedly Filed Forged Documents, Leading to Nearly $340,000 in Ill-Gotten Gains).