Fraudsters as Economic Terrorists: Panderers with Unclean Hands.
Cheat is to defraud, swindle, practice deceit, or violate rules or agreements. According to the Washoe County, NV public records, on November 23, 2004, Richard W. & Tracy D. Homier of 4809 Grandview Dr., Albany, GA 31721, signed a CTX Mortgage Second Home Rider for a home loan on 2870 Britannia Ct, Reno, NV 89523. The CTX Mortgage documents recorded in the Washoe County public records November 30, 2004.
According to Northern Nevada Regional MLS documents, Keith W. Gledhill, Realtor with Prudential Nevada Realty was the Selling Agent for the Homiers in their purchase of 2870 Britannia Ct. There is a pattern of Mr. Keith W. Gledhill steering his clients using different lenders each time.
On December 4, 2004, Keith W. & Jennifer I. Gledhill, who had none of the Nevada State required property management permits, had another rental ad in the Reno Gazette Journal. It was to rent out 2870 Britannia Ct. That is a violation of the Homier’s CTX Mortgage Second Home Rider. This rental ad also failed to have the NRS 645 required disclosures. Again, it had Mr. Keith W. Gledhill’s Nevada telephone number forwarded to the Gledhill’s home in Rancho Palos Verdes, California, for another Reno NorthWest property in the same neighborhood, as the Gledhills other rental ads.
According to this very easily traced public record trail, the Richard W. & Tracy D. Homiers never intended to occupy 2870 Britannia Ct. as a Second Home. They always intended, and did, with the Gledhill’s assistance, rent it out at close of escrow or just after. A felony and conspiracy, as Loan Fraud is a Federal crime. Title 18, United States Code, Section 1014, has penalties up to $1m and 30 years prison per occurrence; to the borrower, to the loan officer, to the Realtor, to anyone found involved in it. For Mr. Keith W. Gledhill, a Nevada licensed real estate agent and Realtor; they are also violations of NRS 645 and the Realtor Code of Ethics.
Per Reno Justice Court, and Reno District Court public records, the Nevada Real Estate Division investigated Mr. Keith W. Gledhill. Part of it was for his violations of running rental ads without required NRS 645 disclosures or permits. The investigator, Charles Henry, spoke with Mr. Keith W. Gledhill and his Broker, Valerie Mapes, about the illegal ads for Robert & Jonna King. Mr. Robert King it turned out, was a then Captain in the United States Air Force.
Somehow, I think his mortgage fraud activities don’t meet the military’s definition of an officer and a gentleman.
Mr. Keith W. Gledhill continued his illegal and ethical activities. The Nevada Real Estate Division investigator, Mr. Henry, then investigated the rental ads Mr. Keith W. Gledhill was running for the Richard W. & Tracy D. Homiers. Mr. Keith W. Gledhill then lied to the investigator. He told Mr. Henry the rental ads were for his property. Even if true, the rental ads were still illegal, as they did not have the required disclosures, even after being officially notified of that failure in the King’s rental ads. Mr. Keith W. Gledhill lied to the investigator as his latest rental ads were for the Richard W. & Tracy D. Homier’s 2870 Britannia Ct. property.
Keith W. & Jennifer I. Gledhill and Richard W. & Tracy D. Homier intentionally gave materially false, misleading and inaccurate information and statements to CTX Mortgage, and failed to provide CTX Mortgage with material information concerning this Second Home loan. Keith W. & Jennifer I. Gledhill continued to manage, without the State required licenses and permits, the Richard W. & Tracy D. Homier property for compensation.
The rents Richard W. & Tracy D. Homier collected on this property are money laundering. Every mortgage payment the Homiers made on this property was either Mail Fraud or Wire Fraud. All felonies.
Real estate loan fraud is a threat to American National Security. It is white-collar crime. Real estate loan fraud has exceeded identity theft as the fastest growing white-collar crime. California and Nevada have among the highest known incidents of real estate loan fraud. Mortgage fraud is any misrepresentations, false statements made, or failure to disclose information to obtain a loan for other than the purpose stated in the loan application. Examples are falsifying pay stubs, W2s, tax returns, Verifications of Employment, asset statements such as bank statements, 401ks and IRAs, Verifications of Rent, rental agreements, home addresses, owner occupancy and Second Home exclusive occupancy.
That’s why borrowers are required to certify that all the information in their loan application is true and complete, they’ve made no misrepresentations in the loan application or other documents, nor did they omit any pertinent information, and that they understand it a Federal crime punishable by fine or imprisonment or both, to knowingly make any false statements when applying for mortgages, as applicable under the provisions of Title 18, United States Code, Section 1014.
Mortgage fraud is why Borrower’s are required to sign a Second Home rider when they obtain a Second Home loan. A Rider that is recorded into the public records to protect the lender. Even having a roommate violates the Second Home Loan Rider: “6. Occupancy. Borrower shall occupy, and shall only use, the Property as Borrower’s Second Home. Borrower shall keep the property available for Borrower’s exclusive use and enjoyment at all times.”
What is the result of real estate loan fraud to the American economy? There are three notorious examples. The disastrous recession we as a country are in today is the first. In recent memory, the S & L crises every American taxpayer had to assist in bailing out is the second. Moreover, of course, the Crash and resulting Depression is the third. In 2006, the market watchers spoke of the hissing of the housing market bubble as it deflated; praying it was not a thud, an immediate and serious danger to the American economy and therefore, American National Security. Since then, the hiss of the deflating Real Estate Bubble has grown ominously silent as its bubble has burst. The Housing Bust has devastated the American economy.
These Fraudsters are Economic Terrorists, panderers with Unclean Hands. Why is it that the ones cheated on are the ones in hell while the cheaters are not in prison?
Sources are the Washoe County public records, Northern Nevada Regional Multiple Listing Service, Reno Gazette Journal rental ads, Prudential Nevada Realty house flyers, United States Code, NRS 645, NAC 645, Realtors Code of Ethics, Reno Justice Court, Reno District Court public records, and public records 2004, Pg. 187 SBC phone book with Keith W. & Jennifer I. Gledhill’s 775-747-6581 telephone number.
Cheat is to defraud, swindle, practice deceit, or violate rules or agreements. According to the Washoe County, NV public records, on November 23, 2004, Richard W. & Tracy D. Homier of 4809 Grandview Dr., Albany, GA 31721, signed a CTX Mortgage Second Home Rider for a home loan on 2870 Britannia Ct, Reno, NV 89523. The CTX Mortgage documents recorded in the Washoe County public records November 30, 2004.
According to Northern Nevada Regional MLS documents, Keith W. Gledhill, Realtor with Prudential Nevada Realty was the Selling Agent for the Homiers in their purchase of 2870 Britannia Ct. There is a pattern of Mr. Keith W. Gledhill steering his clients using different lenders each time.
On December 4, 2004, Keith W. & Jennifer I. Gledhill, who had none of the Nevada State required property management permits, had another rental ad in the Reno Gazette Journal. It was to rent out 2870 Britannia Ct. That is a violation of the Homier’s CTX Mortgage Second Home Rider. This rental ad also failed to have the NRS 645 required disclosures. Again, it had Mr. Keith W. Gledhill’s Nevada telephone number forwarded to the Gledhill’s home in Rancho Palos Verdes, California, for another Reno NorthWest property in the same neighborhood, as the Gledhills other rental ads.
According to this very easily traced public record trail, the Richard W. & Tracy D. Homiers never intended to occupy 2870 Britannia Ct. as a Second Home. They always intended, and did, with the Gledhill’s assistance, rent it out at close of escrow or just after. A felony and conspiracy, as Loan Fraud is a Federal crime. Title 18, United States Code, Section 1014, has penalties up to $1m and 30 years prison per occurrence; to the borrower, to the loan officer, to the Realtor, to anyone found involved in it. For Mr. Keith W. Gledhill, a Nevada licensed real estate agent and Realtor; they are also violations of NRS 645 and the Realtor Code of Ethics.
Per Reno Justice Court, and Reno District Court public records, the Nevada Real Estate Division investigated Mr. Keith W. Gledhill. Part of it was for his violations of running rental ads without required NRS 645 disclosures or permits. The investigator, Charles Henry, spoke with Mr. Keith W. Gledhill and his Broker, Valerie Mapes, about the illegal ads for Robert & Jonna King. Mr. Robert King it turned out, was a then Captain in the United States Air Force.
Somehow, I think his mortgage fraud activities don’t meet the military’s definition of an officer and a gentleman.
Mr. Keith W. Gledhill continued his illegal and ethical activities. The Nevada Real Estate Division investigator, Mr. Henry, then investigated the rental ads Mr. Keith W. Gledhill was running for the Richard W. & Tracy D. Homiers. Mr. Keith W. Gledhill then lied to the investigator. He told Mr. Henry the rental ads were for his property. Even if true, the rental ads were still illegal, as they did not have the required disclosures, even after being officially notified of that failure in the King’s rental ads. Mr. Keith W. Gledhill lied to the investigator as his latest rental ads were for the Richard W. & Tracy D. Homier’s 2870 Britannia Ct. property.
Keith W. & Jennifer I. Gledhill and Richard W. & Tracy D. Homier intentionally gave materially false, misleading and inaccurate information and statements to CTX Mortgage, and failed to provide CTX Mortgage with material information concerning this Second Home loan. Keith W. & Jennifer I. Gledhill continued to manage, without the State required licenses and permits, the Richard W. & Tracy D. Homier property for compensation.
The rents Richard W. & Tracy D. Homier collected on this property are money laundering. Every mortgage payment the Homiers made on this property was either Mail Fraud or Wire Fraud. All felonies.
Real estate loan fraud is a threat to American National Security. It is white-collar crime. Real estate loan fraud has exceeded identity theft as the fastest growing white-collar crime. California and Nevada have among the highest known incidents of real estate loan fraud. Mortgage fraud is any misrepresentations, false statements made, or failure to disclose information to obtain a loan for other than the purpose stated in the loan application. Examples are falsifying pay stubs, W2s, tax returns, Verifications of Employment, asset statements such as bank statements, 401ks and IRAs, Verifications of Rent, rental agreements, home addresses, owner occupancy and Second Home exclusive occupancy.
That’s why borrowers are required to certify that all the information in their loan application is true and complete, they’ve made no misrepresentations in the loan application or other documents, nor did they omit any pertinent information, and that they understand it a Federal crime punishable by fine or imprisonment or both, to knowingly make any false statements when applying for mortgages, as applicable under the provisions of Title 18, United States Code, Section 1014.
Mortgage fraud is why Borrower’s are required to sign a Second Home rider when they obtain a Second Home loan. A Rider that is recorded into the public records to protect the lender. Even having a roommate violates the Second Home Loan Rider: “6. Occupancy. Borrower shall occupy, and shall only use, the Property as Borrower’s Second Home. Borrower shall keep the property available for Borrower’s exclusive use and enjoyment at all times.”
What is the result of real estate loan fraud to the American economy? There are three notorious examples. The disastrous recession we as a country are in today is the first. In recent memory, the S & L crises every American taxpayer had to assist in bailing out is the second. Moreover, of course, the Crash and resulting Depression is the third. In 2006, the market watchers spoke of the hissing of the housing market bubble as it deflated; praying it was not a thud, an immediate and serious danger to the American economy and therefore, American National Security. Since then, the hiss of the deflating Real Estate Bubble has grown ominously silent as its bubble has burst. The Housing Bust has devastated the American economy.
These Fraudsters are Economic Terrorists, panderers with Unclean Hands. Why is it that the ones cheated on are the ones in hell while the cheaters are not in prison?
Sources are the Washoe County public records, Northern Nevada Regional Multiple Listing Service, Reno Gazette Journal rental ads, Prudential Nevada Realty house flyers, United States Code, NRS 645, NAC 645, Realtors Code of Ethics, Reno Justice Court, Reno District Court public records, and public records 2004, Pg. 187 SBC phone book with Keith W. & Jennifer I. Gledhill’s 775-747-6581 telephone number.
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