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Signature Capital - Jerry Morris Jerry Morris Real Estate Fraud, Forgery, Illegal Loans. Sign papers for a fixed home loan, get an ARM Through Forgery. Corona, California
I signed paperwork for a 30-year fixed home loan but got an ARM loan. Jerry Morris, an agent with Signature Capital, took the signature page from a 30-year fixed loan and attached it to the back of an ARM with prepayment penalties and ballooning interest on a second mortgage. He did this by forging the notary, the same notary that works with Signature Capital and handles all the business of the company for all its agents. This was forged because I never went to Riverside County to see this notary. Then, he sent my loan through the process as an ARM instead of a fixed so he would get a larger commission from the banks.
A few months after closing on the new home, I got our loan documents from the bank that were very different than the ones I signed with Morris. I filed a complaint with the District Attorney but was outside of the statute of limitations to file criminal charges against Morris.
Bottom line, I know many other people he did this to and the evidence suggests his broker, Signature Capital, was aware of his activities. Stay away from this company and this individual as there was no way I could have avoided this and the same can happen to anyone else. I hear Morris has opened a business in Victorville and is continuing to operate as a real estate agent and loan agent. Morris was unemployed for several years after the housing market has crashed but has since found a new market unaware of his fraudulent business practices and illegal activity. Don't do business with Jerry Morris or Signature Capital!
4 Updates & Rebuttals
DM
California,USA
Response to Comments
#5Author of original report
Wed, August 17, 2011
In response to the first comment, you are right and this is exactly how he got away with it. We asked for the documents and were told no. We accepted this because we trusted our family friend to not do us harm. He said he would get us copies when he got back to his office and we believed him. Without that, he wouldn't have been able to do this. We reported him to the real estate board and they did nothing as well as the notary board who also did nothing. I have reported him to every possible agency and nothing has been done, no one wants to touch this. He has no personal assets and the insurance company said the event was outside of the statute of limitations to warrant a policy pay-out. Any other civil options are not worth the effort and there is a high risk of an unfavorable outcome. Unfortunately, I have run out of options.
In response to the second comment, no I am not writing about your company in Delaware. This is a Southern California company who operates locally only. Sorry for the confusion and I was not aware there was another company out there with a similar name. I really dont appreciate the legal threats, they are entirely unnecessary, but whatever makes you feel better.
onespecialgal
ANAHEIM,Florida,
USA
Not the Same Company
#5General Comment
Tue, August 16, 2011
The Signature Capital that you have listed is not the same company that does residential loans.
I know for a fact that is a different company that is doing this.
The Signature Capital Group that I know is international and an LLC and deals with the government, so can't do anything that is not legitimate. Also, they do not do residential loans at all and are not located where you have it listed.
That should be removed or put as a different company and not related to what the other company is doing and needs clarifying.
Additionally, the other posts are from someone who wanted some help, got it for FREE and then wanted to be paid. There was no money promised or exchanged and he was upset about it.
Jerry is in no way involved with the other Signature Capital Group Internationl, so any complaints need to be clarified.
Owner
aliso viejo,California,
United States of America
Signature Capital Group is not Signature Capital Group International LLC
#5REBUTTAL Individual responds
Mon, August 15, 2011
Please note SIGNATURE CAPITAL, CORONA CA is NOT SIGNATURE CAPITAL GROUP INTERNATIONAL LLC A deleware corporation. It is to be legally made CRYSTAL CLEAR it is not owned, operated or broker or associate of SIGNATURE CAPITAL GROUP INTERNATIONAL LLC NOW, IN THE PAST OR IN THE FUTURE. WE DO NOT HAVE BROKERS OR EMPLOYEES AND HAVE NEVER INTERACTED EITHER IN EMAIL, PHONE OR IN PERSON WITH THIS COMPANY OR JERRY - WE DO NOT USE NOTARIZE IN BUSINESS.
Should this cause any Liable or Slander, LOSS OF BUSINESS OR EARNINGS - THERE WILL BE LEGAL, FEDERAL ACTION TAKEN ON BEHALF OF SIGNATURE CAPITAL GROUP INTERNATIONAL LLC.. DANNIJELA IS A PRIVATE EQUITY FIRM AND DOES NOT DO LOANS OR HAS EVER TRANSACTED IN LOANS OR LOAN DOCUMENTS.
MovingForward
Wellington,Florida,
United States of America
There is a way to avoid this type of thing in the future...
#5Consumer Suggestion
Wed, March 09, 2011
I am by no means blaming you for the criminal activity of your loan officer. But you mention in the report that there was no way to avoid this fraud and there is a way to avoid it.
When you are at the closing attorney's office or title company, request (demand) a copy of all of your documents AFTER you have signed the docs. Many attorney's offices and title companies make the copies before you sign. They may resist making another copy for you after your signature, but it is your right to have a copy of each and every document you signed AT the table. Not days or weeks after the closing. Had you had your signed docs then when your loan statements differed, even by one penny, you would have noticed and been able to obtain the lenders copy to compare the documents. NEVER walk out of a closing without a copy of each document you signed with your signature on it.
Consider taking this individual AND the company to court for civil penalties even if you can not pursue him criminally. Also, file a complaint with the board of Realtors documenting the fraud too. The board can strip him of his license. There is a board that licenses loan officers too in each state, file the complaint with your documentation.