Eastern District of Pennsylvania
Mortgage Fraud Task Force
U.S. v. DeMarco REI, Inc. et al.
Various parties have been working on crafting a process whereby individuals and entities touched by the alleged scheme can, if possible, undo the effects of that scheme. The process contemplates negotiations between and among the individuals and entities who have -- and had -- a financial interest in the real properties that are at the heart of the alleged scheme. That proposed process is memorialized in a document. You can find that document by clicking here.
Please review the document. If you have questions or concerns about it, you may contact Assistant U.S. Attorney Michael Blume, at 215-861-8376, or Assistant U.S. Attorney Stacey Smith, at 215-861-8348. Our office expects to ask the United States District Court to enter the document as a court order no later than April 25, 2011.
Mortgage Fraud Task Force
Federal, state, and local government offices have joined together to work cooperatively in fighting mortgage fraud in Pennsylvania. This web page provides a forum for sharing information about that fight.
If you have material that could helpful to government offices involved in investigating and prosecuting mortgage fraud and would like to post that material on this page, please contact Richard J. Zack (215-861-8463) or Michael S. Blume (215-861-8376) at the United States Attorney's Office for the Eastern District of Pennsylvania.
Click here for a list of the members of the mortgage fraud task force and their contact information. The United States Attorney's Office has formed a Community Advisory Committee to help the task force identify trends in mortgage fraud, to help consumers who are victims of mortgage fraud, and to educate the community about particular fraud schemes. Click here for a list of the members of the Community Advisory Committtee and their contact information.
We have gathered some sample documents from a number mortgage fraud prosecutions, both civil and criminal. To view those samples, click here.
The United States Department of Justice provides funds to government agencies and to private organizations to assist them in eliminating mortgage fraud. Click here to find announcements of such grants.
Several organizations have published helpful papers that analyze the effect of predatory lending and mortgage foreclosures in Pennsylvania. Click here for some of those papers.
Government agencies and community based organizations have programs available to help individuals understand mortgage transactions and to help individuals work through problems they may be having with their mortgages. For counseling assistance, click here. For information about loan programs to assist those in danger of foreclosure, click here.
The United States Attorney's Office has prepared a brochure with some helpful information about preventing mortgage fraud. You can print it out, double-sided, and fold it in thirds to hand it out. Click here for the brochure. Click here for the brochure in Spanish.