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Loan officer guilty in foreclosure scheme

Capital Gazette Communications
Published 06/24/10

An Annapolis loan officer admitted yesterday he promised to help two homeowners avoid foreclosure, only to strip them of their equity and leave them homeless.

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James Dan, 45, faces up to 20 years in federal prison when sentenced Sept. 2 in U.S. District Court in Baltimore. Under a plea agreement - which involved a guilty plea to one count of conspiracy to commit wire fraud - he is allowed to appeal any sentence longer than three years and five months.

Similar charges are still pending against Dan's alleged accomplice, James Fox, 40, of Crofton.

Prosecutors contend the two cost homeowners $262,059 and their banks at...

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Report Abuse or Vote In order to allow the user community the ability to collectively rank the value of comments posted on the Capital Gazette websites we have implemented a thumbs-up/down system. All logged-in users may participate by voting up/down each comment. If others vote on your comment, your individual score will go up/down depending on the votes. Initially, everyone starts with a score of zero, and must earn credits to have significant voting weight. Individuals with higher scores will have more voting weight.    0 1

stupidity - 2010-06-25 01:12:30

The judge said that Dan knew all that would happen but the homeowner's were clueless? These guys are slugs, don't get me wrong, but these people were losing their houses,had no equity and were on their way out anyway. It's the banks that Dan and Fox truly ripped off. The homeowners got to stay in their houses longer than they probably would have. A crime is a crime but why do stupid people always get a free pass?

unhide Comment hidden due to low ranking. Why is this comment hidden?

sidney janoski - edgewater, md - Karma: Good


Report Abuse or Vote In order to allow the user community the ability to collectively rank the value of comments posted on the Capital Gazette websites we have implemented a thumbs-up/down system. All logged-in users may participate by voting up/down each comment. If others vote on your comment, your individual score will go up/down depending on the votes. Initially, everyone starts with a score of zero, and must earn credits to have significant voting weight. Individuals with higher scores will have more voting weight.    0 0

jail...... - 2010-06-24 13:04:39

i can't believe they were able to plea bargin that low a jail term but alas..... they are going to jail at least....

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jimmy neley - washington , dc - Karma: Excellent

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