Legal Question in Wills and Trusts in Utah

Unknowingly involved in a mortgage scam

We were unknowingly involved in a mortgage scam - an ''eliminate your mortgage'' deal. We sent 3,000.00 to these people and filed several papers. I have no way of knowing if anything ever was done with our papers, because the FBI seized the Dorean groups assets soon after I sent my papers in. We signed a paper called an ''Assignment'' - giving 2 men all of our rights to handle anything that had to do with our mortgage loan. We also signed another paper that made them the trustees over our family trust. My question is this: Can we just refile these papers stating we want to change the trustees? Do these 2 men have to sign this?

Thank you for taking the time to answer this question.


Asked on 11/01/06, 1:57 pm

1 Answer from Attorneys
Alvin Lundgren Alvin R. Lundgren, L.C.

Re: Unknowingly involved in a mortgage scam

Contact the FBI about your $3000. If the funds were cashed (which you know from your checking account) and mingled with other funds, you may have lost all or part of your money. The balance in the account should be under the control of the government, which may release funds after they are finished with the prosecution. You can and should revoke the documents which you signed, do it in writing, referencing the documents, and send copies to the defunct company and your mortgage company. You can do the same thing with your trust, simply revoke the trusteeship and appoint new trustees. If you need help with these documents, you may call for a free consultation.

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Answered on 11/01/06, 3:45 pm


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