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A onetime candidate for mayor of a city in Georgia and woman in New Jersey recently found themselves in the hot seat with various courts for mortgage fraud.
[IMAGE]MReport sourced the two stories Monday from ""WDEF News"":http://www.wdef.com/news/state/story/Ex-mayoral-candidate-sentenced-for-mortgage-fraud/8CyFE8cWHkumIh7DUvfFVA.cspx and ""The West Virginia State Journal"":http://www.statejournal.com/story/16962304/virginia-woman-pleads-guitly-to-mortgage-fraud.
The first news outlet offered the account of Gregory Cordell, a 46-year-old man and onetime candidate for
[COLUMN_BREAK]mayor sentenced to more than two years in the slammer and ordered to pay $1 million in restitution.
Cordell made his way as a real estate agent and developer before vying for the office of an incumbent mayor of Cartersville, Georgia, in 2006, according to WDEF News.
The news outlet said that he received his sentence over $1.25 million in mortgage fraud for a property n the area.
In the next case, Janet Damewood saw her name in print for pleading guilty to mortgage fraud in February, according to the State Journal.
The 60-year-old woman bilked CitiFinancial, the lending unit for Citigroup, in filing an application to secure a second mortgage for her property, for which she failed to disclose a federal tax lien, the news source reports.
The State Journal said that Citi lost out on $37,000 in funds provided to Damewood for the mortgage.
Damewood could spend the next 20 years of her life in prison and pay $250,000 in fines when sentenced in June, according to the news source.
