Man gets 42 months in prison for Hillsborough mortgage fraud

TAMPA — A former mortgage broker received a 42-month prison sentence Friday for duping a Navy veteran out of the title to his home.

Timothy Green, 38, also faces 10 years of probation for two counts of first-degree grand theft. A jury convicted him of the charges last month.

He is never allowed to work in real estate again, Hillsborough Circuit Judge Emmett Lamar Battles said.

Joseph Brooks, 47, who is still fighting in civil court to keep his Riverview home, said Green put him through a "living nightmare."

Brooks was struggling financially when he met Green in 2004. His poor credit prevented him from getting a refinance loan he needed for home repairs.

Green said he could help with a special program, according to prosecutor Michael Lennon. If Brooks transferred the title of his home to Green's mother and paid rent to Green's personal company, the mortgage professional claimed the homeowner would be eligible to refinance his property after one year.

Without telling Brooks, Green then processed a loan to refinance the house in his mother's name and collected $18,800 in net equity. When she later sold the title to another man, Green's company pocketed an additional $5,700 in net equity. A grand theft charge against Green's mother was eventually dropped.

From October 2004 to May 2005, Green also accepted $1,375 in monthly rent from Brooks.

Green apologized in court Friday. But Lennon said that was the first time he showed remorse.

"He has shown that he cared about no one but himself and his own financial gain," the prosecutor said.

Man gets 42 months in prison for Hillsborough mortgage fraud 05/15/10 [Last modified: Saturday, May 15, 2010 12:14am]

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