McKinney, TX- Federal prosecutors have accused four Texas residents and one Brit of an elaborate foreclosure and drug trafficking scam where banks were sent fraudulent military stop foreclosure documents, and converted one home into a marijuana grow house.
The five men, Charles Williams, 37, Jarrod Williams, 33, Julius Williams, 41, of McKinney, Jemilat Williams, 33, of Missouri City, and Christopher Carter, 33, of Leicester, England are facing an 18 count indictment.
According to the prosecution, the four Texas men ran a foreclosure relief company called Applied Investment Strategies Inc. which promised to assist homeowners facing default. Once the men secured customers, they used their personal identification information to send false documents to lenders ordering them to stop foreclosure proceedings under the Servicemembers’ Civil Relief Act. The men then leased out the homes and collected rent.
The indictment also stated that the men turned one of the homes into a grow house with 1,000 marijuana plants.
If indicted four of the men face up to 20 years in jail. Carter and two of the other Willam’s men could face life in prison.
The scam involved over 38 homes, emphasizing the point that people who are in danger of losing homes should have a foreclosure attorney to work on their case. Although not all companies that provide foreclosure relief are run by scam artists, a legal expert has a number of strategies to defend your home from repossession.
A foreclosure attorney can be your go-between with your lender and is more likely to get their cooperating when you are seeking a mortgage modification or a short sale. Once you have recieved a default notice if you retain a foreclosure lawyer immediately you have a better chance of keeping your home out of the hands of the bank.