Mortgage elimination

Form of mortgage fraud

Mortgage elimination is a type of mortgage fraud in the United States. In this scam, the promoter first convinces a mortgage holder that the debt that has been contracted is invalid or legally unenforceable, usually due to a combination of alleged technicalities in the note, deed of trust, or other loan documentation signed; the promoters often link their rationale for debt elimination to illegality of certain lending practices, the Federal Reserve, and the monetary system of the United States in general. Through a series of illegal maneuvers involving the creation of a trust, a demand letter, and a false re-conveyance of title, the promoter and the original mortgage holder concert to create the appearance of a title free of liens and encumbrances so that another loan may be taken out on the property.[1]

The United States FBI has put out specific warnings regarding this kind of scam.[2]

As of 2006, the Dorean Group was a high-profile promoter of this type of scam.[3] A number of people, described as the "principals with the Dorean Group", were convicted on multiple counts of fraud in California in 2007.[4][5]

## See also

[edit]

* Foreclosure rescue scheme
* Rodolphus Allen Family Private Trust, a "trust" which purported to prevent repossession of at-risk properties in Ireland

## References

[edit]

1. ^ "'Mortgage elimination' scam leaves many without a roof over their heads". southcoasttoday.com. March 25, 2007.
2. ^ "Federal Bureau of Investigation - Press Room - Headline Archives". fbi.gov. Archived from the original on 2005-12-16.
3. ^ "Dirty Deeds". eastbayexpress.com. 5 April 2006.
4. ^ "Mortgage Fraud Blog - November 19, 2007 - Dorean Group Principals Found Guilty". 2007. Archived from the original on 2010-05-23. Retrieved 2010-05-24.
5. ^ "United States v. Heineman". United States District Court, N.D. California. August 19, 2008. Retrieved January 10, 2025 – via casetext.com. "Dale Scott Heineman and Kurt F. Johnson were founders and principals of the Dorean Group. They [..] were charged with and convicted of conspiracy and multiple counts of mail fraud, stemming from a fraudulent debt-elimination scheme"

* v
* t
* e

Types of fraud

Business-related|

* Billing
* Cramming
* Disability
* Drug / Pharmaceutical
* Email
* Employment
* Food
* Fixing
* Impersonation
* Intellectual property
* Internet
* Job
* Long firm
* Odometer
* Phone
* Health care
* fertility
* Ghost network
* quackery
* Racketeering
* Return
* Tech support
* Slamming
* Telemarketing
* Weight
* Wine

Family-related|

* Fertility
* Marriage
* Paternity

Financial-related|

* Advance-fee
* lottery scam
* Bank
* Bankruptcy
* Chargeback
* Cheque
* Credit card and carding
* Forex
* Insurance
* Lottery
* Mismarking
* Mortgage
* Overpayment
* Securities
* Shill bidding
* Tax

Government-related|

* Benefit
* Electoral
* Medicare
* Visa
* Welfare

Other types|

* Affinity
* Charity
* Counterfeiting
* Superdollar
* Faked death
* Forgery
* Scam center
* Hoax
* Impersonation
* Mail and wire
* honest services
* Scam
* Romance
* Bride
* Scientific
* Spyware
* Vomit
* White-collar crime

* list
* Category

* v
* t
* e

Scams and confidence tricks

Terminology|

* Scam
* Error account
* Shill
* Shyster
* Sucker list

Variants|

* Advance-fee scam
* Art student scam
* Badger game
* Bait-and-switch
* Black money scam
* Blessing scam
* Bogus escrow
* Boiler room
* Bride scam
* Charity fraud
* Clip joint
* Coin-matching game
* Coin rolling scams
* Drop swindle
* Embarrassing cheque
* Exit scam
* Extraterrestrial real estate
* Fiddle game
* Fine print
* Foreclosure rescue scheme
* Foreign exchange fraud
* Fortune telling fraud
* Gem scam
* Get-rich-quick scheme
* Green goods scam
* Hustling
* Indian coal allocation scam
* IRS impersonation scam
* Intellectual property scams
* Kansas City Shuffle
* Locksmith scam
* Long firm
* Medical quackery
* Mismarking
* Mock auction
* Moving scam
* Overpayment scam
* Patent safe
* Pig in a poke
* Pigeon drop
* Pork barrel
* Pump and dump
* Redemption/A4V schemes
* Reloading scam
* Return fraud
* Salting
* Shell game
* Sick baby hoax
* SIM swap scam
* Slavery reparations scam
* Spanish Prisoner
* SSA impersonation scam
* SSC Scam
* Strip search phone call scam
* Swampland in Florida
* Tarmac scam
* Technical support scam
* Telemarketing fraud
* Thai tailor scam
* Thai zig zag scam
* Three-card monte
* Trojan horse
* Wash trading
* White van speaker scam
* Work-at-home scheme

Internet scams and
countermeasures|

* Avalanche
* Pig butchering
* Carding
* Catfishing
* Click fraud
* Clickjacking
* Cramming
* Cryptocurrency scams
* Cybercrime
* CyberThrill
* DarkMarket
* Domain name scams
* Email authentication
* Email fraud
* Internet vigilantism
* Lenny anti-scam bot
* Lottery scam
* PayPai
* Phishing
* Referer spoofing
* Ripoff Report
* Rock Phish
* Romance scam
* Russian Business Network
* SaferNet
* Scam baiting
* 419eater.com
* Jim Browning
* Kitboga
* Scammer Payback
* ShadowCrew
* Spoofed URL
* Spoofing attack
* Stock Generation
* Voice phishing
* Website reputation ratings

Pyramid and
Ponzi schemes|

* Aman Futures Group
* Bernard Cornfeld
* Caritas
* Dona Branca
* Earl Jones
* Ezubao
* Foundation for New Era Philanthropy
* Franchise fraud
* High-yield investment program (HYIP)
* Investors Overseas Service
* Kapa investment scam
* Kubus scheme
* Madoff investment scandal
* Make Money Fast
* Matrix scheme
* MMM
* Petters Group Worldwide
* Pyramid schemes in Albania
* Reed Slatkin
* Saradha Group financial scandal
* Secret Sister
* Scott W. Rothstein
* Stanford Financial Group
* Welsh Thrasher faith scam
* WinCapita

Lists|

* Con artists
* Confidence tricks
* Criminal enterprises, gangs and syndicates
* Impostors
* In the media
* Film and television
* Literature
* Ponzi schemes

This finance-related article is a stub. You can help Wikipedia by expanding it.

|

* v
* t
* e

*[v]: View this template
*[t]: Discuss this template
*[e]: Edit this template