Patricia Fairclough was sued for foreclosure by Bank of America on June 4, 2018, then lied committing a second degree felony to escape the consequences.
While Fairclough is the Vice Mayor of Homestead, she is also the Principal of George Washington Carver Elementary School in Coral Gables, Florida.
Subsequently, to being sued for foreclosure, on December 3, 2018 the court dismissed the foreclosure action, after Bank of America filed a Notice of Voluntary Dismissal on November 30.
Bank of America filed for the dismissal because Fairclough got a loan modification, i.e. a new new mortgage, with an FHA backed loan.
She refinanced with a new principle balance of $218,378.43.
And now is where the February 24, 2018 marriage date we mentioned in the last article comes into a laser like focus.
When Fairclough got her new mortgage signing the papers and having them notarized, she stated that she was a single woman in bold.
But she signed for her new loan, on November 14, 2018, almost 9 months after getting married to Kelvin Staggers in February.
A married couple can only get one FHA loan and it must be on their primary residence.
Only Fairclough knows her exact motive. However, on its face, it appears to boil down to the simple fact that she was going to lose her home in foreclosure.
Being in default, she couldn’t get a conventional loan as she was a credit risk, and likely had little to no money down. Hence, the reason she was in foreclosure to begin with.
So then she deliberately lied on her mortgage lending documents to save her house. Whereas, she wouldn’t have received the same terms, or even gotten a new mortgage, had she told the truth.
Therefore, her misstatement of being a single woman should be material.
If I am correct, on the misstatement being legally material, herein lies the rub:
FS. 817.545(2)(a) states that making a material misstatement during the mortgage lending process constitutes mortgage fraud.
Whereas, FS. 817.545(5)(b) states that mortgage fraud on any loan amount over $100,000.00 is a second degree felony, punishable by up to 15 years in prison and a $10,000.00 dollar fine.
That might leave a mark.
The only question left is will the Miami-Dade State Attorney, Katherine Fernandez-Rundle, do the right thing?
Doc Justice
[…] but it may become a whole new article.We showed how she lied claiming she was single to commit mortgage fraud, sparking a criminal investigation against her — yet another ancillary fraud she committed to […]
[…] but that may become a whole new article.We showed how she lied claiming she was single to commit mortgage fraud, sparking a criminal investigation against her — yet another ancillary fraud she committed to […]
[…] her taxes depriving money from the children who attend Miami-Dade County Public Schools.We have reported on how she has lied and committed fraud to secure her […]
[…] criminal history and/or to block further exposure of her own crimes as previously published here and here, as well as her improper claim of a Homestead Tax Exemption.Shame on her.The only question […]
[…] future if able to. This amounts to Homestead Exemption Fraud. And this is not Fairclough’s first scheme to commit fraud we have exposed, nor is it the best. We’re saving that one for last. HOW MUCH […]
Pray and trust God
Small potatoes compared to the lies told by all the foreclosing entities concerning ownership of note and posessing the capacity to envoke the court’s jurisdictions… and mini small potatoes compared to the Mills that created millions of false documents (think Robo-Signer and 60 Minutes) that the lying lawyers produced into the court’s and the lying judges (obviously knowing better) allowed them to be used to steal millions of homes. Big deal… 1 house. 24 Million foreclosures since 2008 and probably 95% of them illegally done. Big Deal! We’re comparing 1 $218,000.00 loan compared to $TRILLIONS! And don’t forget… it takes 1,000 Billions to make up just 1 single Trillion.