Reply by PAW on 6/14/06 12:15pm
Msg #125905
"Instead, James had a closing agent write two checks totaling $103,000 and kept $42,000 for himself, Worthy said."
Sounds like the title company (closing agent) may be liable for a big chunk of the misappropriated funds. This, of course, does not absolve the broker/loan officer of any wrong doing. I wonder why the closing agent would write two checks. I'm sure there is more mystery and intrigue in this scam.
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Reply by Bob_Chicago on 6/14/06 1:09pm
Msg #125912
Glad that I am honest. I have been with borrowers, who .....
if believe would sign a doc giving me
their first born as a slave if
I put it in front of them and told them that it was
a closing affidavit.
They were fully competent, just in a hurry to get back to
watching American Idol.
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