Posted by Jim Habicht on 10/3/09 2:33pm
Msg #306052

Beware of DIRECT SETTLEMENTS / Allstate Mortgage FBI RAID!!!

Just learning that this happen in June, 2009. Direct settlements did a lot of business with Allstate Mortgage. FBI RAID!!!!

http://www.newsnet5.com/crimestoppers/19727367/detail.html

http://www.news-herald.com/articles/2009/06/12/news/doc4a3120ee7a24f969263319.txt

http://www.clevelandleader.com/node/10265

Andrea from Todaro Notary is claiming she is not getting paid by Direct Settlements
https://www.directsettlement.com/index.html

Reply by Jim Habicht on 10/3/09 2:59pm
Msg #306054

Related link to Todaro Notary:

http://www.notaryrotary.com/forums/forumsbody.asp?id=&forumid=1AAA00000003&messageid=721724&code=&smsg=&requestid=&action=view&format=threaded

Reply by Linda_H/FL on 10/3/09 3:05pm
Msg #306055

I must be blind...

I didn't see mention of Direct Settlements in any one of the three links you provided...did I miss it somehow?

Reply by Jim Habicht on 10/3/09 3:48pm
Msg #306056

Re: I must be blind...

Direct Settlements is the title company that did the loan closing for the lender (All State Mortgage) Todaro Notary is the signing service that got me to close the loan.

All State Morgage - Raided by FBI
Direct Settlements - title company for All State Mortgage
Todaro Notary - Hired by title company to get notary
Me (Notary) - no pay for 7 closings

Here is a link to Dirrect settlements Web site:

https://www.directsettlement.com/index.html

Reply by Linda_H/FL on 10/3/09 4:03pm
Msg #306057

Okay...now I have to ask

Was Direct Settlement the title company on all 7 of the closing you did? (I'm almost afraid of this answer)..

Reply by Jim Habicht on 10/3/09 4:17pm
Msg #306061

Re: Okay...now I have to ask

Just a few. But this is unbelivable that lenders are going down again. Here we go again!!!The differance this time is the loan in insured by FHA vs Privite Insuance. The governments balance sheet is buying up most of the loans vs wall street.

Reply by Jim Habicht on 10/3/09 4:36pm
Msg #306062

It's "All State Home Mortgage of Euclid Ohio"

It's "All State Home Mortgage of Euclid Ohio" not "All State Mortgage"

http://www.woio.com/Global/story.asp?S=10515932#

Reply by Doris_CO on 10/3/09 5:55pm
Msg #306067

Re: Okay...now I have to ask

Have you contacted all the title companies of the 7 loans that aren't paid yet? Do you know if they were paid or not paid by the mortgage company? Before writing this off I'd want to know if Todaro was paid and is just giving me a bunch of lies to cover her backside. And, if she's still in business but the title companies find out she's not paying her notaries, then they might reconsider doing business with her and choose to hire you directly.

Reply by MW/VA on 10/3/09 6:59pm
Msg #306071

This must be part of the mortgage fraud sweep that's going on in Ohio. If I remember correctly, Direct Settlements is in Pittsburgh, PA. Whether Todaro gets paid or not is their business concern, not yours. They owe you the money! Granted, if everyone got caught up in the Ohio fraud thing, you might have trouble collecting.

Reply by Claudine Osborne on 10/3/09 10:33pm
Msg #306106

This raid was in the news here in north east ohio. The city of Cleveland is in a big political mess with the city auditor accused of some very serious fraud. Many people are going down due to this. He has been accused of inflating property values on homes of family, friends and his own properties. This has been just some of the negative things going on in this area..Needless to say this area is bad shape..