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Thursday, May 29, 2014

Owner of Annandale title company pleads guilty to mortgage fraud

Jose Marinay, 52, of Annandale, Virginia, pleaded guilty May 27 to conspiracy to commit wire fraud for his involvement in a short sale mortgage fraud conspiracy, the U.S. Attorney’s Office for the Eastern District of Virginia reports.

Marinay was indicted April 15 by a federal grand jury on multiple charges. He is scheduled to be sentenced on Sept. 26 and faces a maximum penalty of 20 years in prison.

Marinay operated a settlement company in Annandale called Virginia Smart Choice Settlements at 7353 McWhorter Place. The company has been renamed SCS Title & Escrow.

Marinay helped prepare settlement statements that contained false information relating to liens, realtor commissions, title search fees, attorneys’  fees, title insurance, recording fees, and taxes, a news release from the court states. “Marinay caused the mortgage settlement statements to be sent to mortgage lenders, and in some instances, he shredded the statements to conceal evidence of the fraudulent transactions.

According to the statement of facts filed with Marinay’s plea agreement, a co-conspirator used the settlement statements to fraudulently induce mortgage lenders to execute short sales—real estate transactions in which the mortgage lender agrees to accept a price less than the amount owed on the property—on at least seven occasions.

Immediately after the short sale, the co-conspirator sold the property to a new buyer in violation of representations and agreements made with the short sale mortgage lender. As a result of this scheme, the affected financial institutions suffered losses of over $2 million.


  1. More third world junk in Mason, please return to sender.

    1. Junk is born here too!

    2. yes, mortgage fraud is exactly the type of crime associated with increased immigration... where the heck do you get these ideas?!?!? if the cops bust a drug dealer who was born in Michigan, do you scream for him to be sent back to Michigan?

    3. My point exactly. We have enough of our own junk here, we don't need additional junk from other countries or Michigan