Mortgage Fraud

Wall Township Developer and Family Charged In Mortgage Fraud Probe
Wall Township Developer and Family Charged In Mortgage Fraud Probe
Wall Township Developer and Family Charged In Mortgage Fraud Probe
A Wall Township developer, four family members and a business partner are under arrest in connection with a year-long probe of mortgage fraud in Ocean County. Christopher Colatrella, 40, owner of CMC Holdings LLC, is accused of raking in more than $2,000,000 through falsely-obtained mortgages for condos in Lakehurst that later entered foreclosure...
Bayville Broker Implicated in Mortgage Fraud Case
Bayville Broker Implicated in Mortgage Fraud Case
Bayville Broker Implicated in Mortgage Fraud Case
A 46-year-old mortgage broker from Bayville is one of 10 suspects facing wire fraud conspiracy in connection with what federal agents believe is a $40,000,000 mortgage fraud scheme involving 10 defendants. Robert Serao is accused of processing fake mortgage loan applications submitted by straw buyers with good credit but insufficient funds to qualify...