Opinion ID: 2791321
Heading Depth: 2
Heading Rank: 2

Heading: Comerica Bank Fraud (Count 5)

Text: Nazzal defrauded Comerica using a so-called “lien jumping” scheme. Hours after closing on a $1 million loan with Comerica for a gas station, co-defendant Majed Tawbe executed a fraudulent, handwritten $500,000 mortgage on the same property in Nazzal’s favor. Nazzal then managed to record this bogus mortgage several days before Comerica recorded its legitimate one. After Tawbe defaulted on his loan and fled the country, Comerica attempted to foreclose and learned of Nazzal’s prior recorded lien. Comerica and its title insurance company, First America Title, were thus required to initiate legal proceedings to quiet title. Eventually, First America Title agreed to pay Nazzal $135,000 to release his fraudulent lien.