David Saks: MAN INDICTED FOR ILLEGALLY REFINANCING ANOTHER PERSON'S HOME

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

MAN INDICTED FOR ILLEGALLY REFINANCING ANOTHER PERSON'S HOME

Man Indicted for Illegally Refinancing Another's Home

Shafik Hirji, 53, Las Vegas, Nevada, who unlawfully obtained financing on the home of one of his acquaintances, was indicted on three counts of forgery and one count of theft for obtaining the loan on the victim's home and embezzling the proceeds. 

The indictment alleges that Hirji completed loan documents in the homeowner's name and used them to effectuate the loan transaction.

In the process, Hirji induced a notary public to certify that the signatures contained on the documents were true and then presented these documents to the lender.

The indictment further alleges that Hirji retained the proceeds of the loan, directing that they be deposited into a bank account under his control.

The indictment is not a determination of guilt or innocence but is simply a finding of probable cause that a crime was committed. The defendants are presumed innocent until proven guilty.

The Office of the Nevada Attorney General announced the indictment. 

Anyone who has information regarding this case should contact the Attorney General's Office at (702) 486-3777.

"The facts surrounding this particular crime are especially troubling," said Attorney General Catherine Cortez Masto. "The fact that the owner was unaware his home had been refinanced indicates the crime was committed by someone the victim trusted.  My office continues to place a high priority on prosecuting fraud in Nevada."

The Nevada Attorney General's Office Fraud Unit originally investigated the matter after receiving a complaint from the homeowner who indicated that he was unaware that his property had been refinanced until he received a notification from the new lender. The Attorney General's Mortgage Fraud Unit is prosecuting the matter.

Courtesy Mortgage Fraud Blog




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Comment balloon 5 commentsDavid Saks • September 14 2011 02:19AM

Comments

Just when you think you've seen it all, something like this comes along.  Thanks for sharing this with us.

Posted by Doug Bullwinkel, Mortgage Loan Originator NMLS #281609 (Envoy Mortgage, NMLS 6666) over 8 years ago

Good Morning David, thanks for the 'heads up' on this one, it will be interesting to see how it plays out.

Posted by Dan Edward Phillips, Humboldt and Del Norte Counties, CA (Dan Edward Phillips, Humboldt and Del Norte Counties, CA) over 8 years ago

David, there seems to be a lot of fraud going on in the world. People need to get a job.

Posted by Maria Morton, Kansas City Real Estate 816-560-3758 (Chartwell Kansas City Realty) over 8 years ago

David,  Thank you for keeping us apprised of all the ways the criminals are trying to bilk honest people out of money.  It is interesting that the Notary would notarize that signature for him, so he could finalize his plan.

Posted by Steven Cook (No Longer Processing Mortgages.) over 8 years ago

Doug, Dan, Maria, Steven, thanks for your thoughts.

Posted by David Saks ((retired)) over 8 years ago

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