Community Corner
Plymouth Victims of Identity Theft, Mortgage Fraud Will Get $850K After Court Ruling
According to an article in the Star Tribune, two Plymouth residents are working to put their lives back together after becoming victims of mortgage fraud.
Plymouth couple Melony Micheals and John Foster learned on Mar. 1 that the people who stole their identities years ago will now owe them $849,131, according to media reports.
The Star Tribune reported that both Micheals and Foster were victims of mortgage fraud beginning in 2008 and lasting more than six years.
According to the article, Larry Maxwell, head of Realty Executive Advantage Plus Group, worked with others to defraud the couple by first stealing Foster’s identity and then ringing up faulty real estate transactions on two over-appraised homes.
Maxwell pretended to be the real estate agent on both sides of the home sales.
“Maxwell let the homes slip into foreclosure while he made real estate commissions from his deals and profited from fees,” the Star Tribune reported.
“The stress was immense.” Micheals told the Star Tribune. “We spent two years going after these guys, and there were days that just getting out of bed was a chore.”
To read Foster and Micheals’ full story in the Star Tribune, click here.
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