Lynn and Kandace Marriott of Navarro County, Texas were recently sentenced to long years in prison after being found guilty of fraudulent mortgage activities that caused a handful of mobile homes foreclosures in the area.
According to court reports, the couple and some other members of their family took advantage of the high number of distressed homes for sale in the state and the ongoing housing market crisis by selling manufactured dwellings to people who do not have the means to afford them in the first place.
Lynn pleaded guilty and was sentenced to 28 years in prison during a hearing held at the Kaufman County Court. He admitted being part of a scheme meant to defraud clients, most of whom lost their properties to bank owned home foreclosures. Lynn, along with his wife Kandace and sister in law Karen Hayes, was charged with using fake documents in their sale of properties to clients who do not have the money to afford such purchases.
With Texas suffering from all kinds of foreclosure problems, including government, bank and Fannie Mae foreclosures, fraudulent activities among some property sellers are not something new anymore. However, the Marriotts might not have been discovered if it were not for their former associate who complained to the police about having his signature forged.
According to former associate David Martin, the couple sold thousands of properties throughout the years, with a big number of these properties ending up as mobile homes foreclosures. Police investigations revealed that the Marriotts used illegal ways to have these properties sold, including forging the signature of Martin and using fake documents.
Martin reported to the police that his signature was being forged on checks, with someone else cashing them and raking in the profits. When some buyers of the couple's manufactured homes heard that the Marriotts are under investigation, they came forward and the issue of document fraud was discovered.
According to authorities, counterfeit documents were used in the sale of a big number of properties under the company Marriott Mobile Homes owned by Lynn and Kandace. A big number of these sales ended up as mobile homes foreclosures, with most of the former owners coming forward to file complaints against the Marriotts which led to the investigation and the subsequent sentencing.
John Cutts has been educated in the finer points of the foreclosure market over 5 years.
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