What is the punishment for someone who uses their home as collateral for a loan after they have already sold the home?
The scammer used a home as collateral for a loan. The home had been sold on August 10th, however he signed the promissory note on August 22nd using the home as collateral. He also used an apartment building and parking lot for a $31,000 dollar loan. I wire transferred the money from Minnesota to Illinois. He had the document notarized. What crime is this and what are the punishments by law? I have every record on email. I have all his signatures. He signed a promissory note and I'd like to report him to the attorney general, district attorney and city attorney and sue him civilly. A person I know used their home that was foreclosed and already sold but used it as collateral for a loan.
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