Matthew Cox
๐ค SpeakerAppearances Over Time
Podcast Appearances
And these things are in the pipeline for a sheriff sale.
And so what he did is he got โ he obtained notary stamp.
He created deeds to transfer the ownership of these properties and fake notary stamps to transfer the titles.
And sometimes he actually went to notaries and like lied to them.
And so he's transferring the title of these โ
at-risk, I guess, properties to himself and entities under his control.
He had some straw buyers, too, like homeless people and things like that.
Despicable.
Yeah, don't get me started.
He paid one notary $50 to illegitimately notarized deeds.
Anyway, he transfers 11 different properties to himself and straw buyers.
Then he begins selling some of those homes and...
And he had property.
He owned some of those homes before he could actually sell them.
The numbers in this case don't make a ton of sense to me.
So there's 11 properties in Philadelphia, but he got caught in progress before he could unload all the homes.
I've been on the other side of this thing investigating and computing the fraud loss on a mortgage fraud case is difficult because the defendant gets credit for the value of the home that ends up getting sold at a foreclosure and all that.
So it's the net loss, right?
In this case, what they decided to do
was they bust McCandle O'Tillman.