Mortgage Servicing Fraud
occurs post loan origination when mortgage servicers use false statements and book-keeping entries, fabricated assignments, forged signatures and utter counterfeit intangible Notes to take a homeowner's property and equity.
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See, just about anybody can be sucked into this mess:
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Above link does not reveal foreclosing party:

The former "Star Search" host was $644,000 behind on payments on $4.8 million in mortgage loans when a unit of Countrywide Financial Corp. filed a default notice Feb. 28 with the Los Angeles County Recorder's Office.......
McMahon has been in "very fruitful discussions" with the lender to resolve the situation........

A default notice for $643,596 was filed against the 85-year- old McMahon by ReconTrust Co., a unit of Countrywide Financial Corp., the biggest U.S. home lender. The default involves a $4.8 million mortgage issued by Calabasas, California-based Countrywide, according to property-record data collected by Discovery Bay, California-based ForeclosureRadar.

Hmm.....wonder if Ed has had forensic audit of his mortgage servicing and found the usual CW monkey business?  

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And. . .  he owes 4.8-mil and it has been on the market for two-years amd listed for 5.2-mil.  Humm, not much equity, is there.  And Countrywide yet!  Does that mean the Heeeeeere's Johnny guy is sub-prime (whoops, sorry, I meant to say non-prime)?  I bet those gates make life really miserable for the BPO folks.  I noticed it said “mortgages” that must mean he has a first and second.

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4 justice now

Maybe Ed thought Publisher's Clearing House was going to show up at his front door, and they didn't.

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