FBI Raids Local Mortgage Company

Submitted by Leader Staff on June 11, 2009 - 1:05pm.

NewsNet5 is reporting that an FBI raid is underway this afternoon at Allstate Home Mortgage and Community Reinvestment in the Cleveland area. FBI agents were spotted taking several boxes away from the business in connection with a mortgage fraud investigation.

Employees from surrounding businesses said that the company's president, Michael McCandless, is a Christian, is involved in many community projects, and sponsors a local softball team.

No further information about the case is known at this time.

Comments

Crook

This Mike McCandless guy is a crook and a thief. I am glad to see justice being served to those losers at All State.

Submitted by Guest (not verified) on June 12, 2009 - 1:30pm.

all state

i used to work at all state and i cant imagine any of this being true....all i know is that without the training i recieved there i would probably be just another high school drop out working for minimum wage...even though i got fired from there it was my own paranoid fault...i had to lie to customers while my retarded brother made false documents just to close half of the fees i used to close at all state...when i was at all state i was able to help a lot of families but only with the help of my management...without them i am nothing....i guess i will have to go back to selling steroids again so i can pay for my viper and over valued home that i was able to refinance cus i convinced an appraiser to stretch the value for me...thank god for white out...

Submitted by Guest (not verified) on June 16, 2009 - 4:30pm.

Allstate Mortgage Mike McCandess

I brought a home from the so call allstate mortgage owned by Mike MCandess. I would help to say that they are crooks. My home was over appraised by his appraisers and it was sold as a three bedroom to qualify for a so call special program. It was only a two bedroom ranch. He said that his people that remodeled the homes were the best and he looked over them before they were sold. He lied and my home was never remodeled like the ones that they are doing now. He told me that I had to give them $3500 dollars to complete the remodeling of the basement, which had to be done any way to pass inspection. He was suppose to leave money in escrow to fix my steps and the side walk which was only patch. The inspectors from Maple heights pass the steps and sidewalk so the workers could be paid . The steps was never fix properly and neither was the side walk. The floor in the garage was suppose to be fixed and it is all cracked up. The basement was suppose to be water proof and every time it rains the basement floods. They paid off some of my bills and wrote them in the loan to qualify me for the loan. They refinance my other house and gave me $16,000 and gave a two year adjustable rate mortgage and told me that they had to push the loan through so it could hit the credit bureau at the same time so I could buy the house. I feel that I was a victim of pretatory lending scheme. I contacted him to complain about my house that I brought in Nov. 2005. He ask me what do you want me to do about it. He said you owe me money for paying off your car loan to qualify me for the loan. My house paint peeled off the next summer of 2006 and my house was never finished and to this day it still is in need of being finished. I don't want to get any one in trouble but I need for my house to be done like the new ones because he charged me 127,000 and the house he brought it for 76,000 and today it is only appraised for 98,000 by the county auditor. They need to be stopped because they only target the poor and desperate people that can't get a loan from the bank. They milk them and get their money and are gone knowing these houses will probably never be able to be refinanced because they are over price.

Submitted by Guest (not verified) on June 22, 2009 - 2:52pm.

We All Crooks

I am the GM at All State. If you aren't lying and you aren't stealing, how can you really make any money?

Submitted by Guest (not verified) on September 24, 2009 - 5:50pm.

it is sad that you belive

it is sad that you belive money can only be made by lying and cheating... what is this world coming to? you all are a bunch of stay at home liars that have nothing better to do than try to ruin this guys family buisness and life you need to learn to keep your mouths shut and to stay in your place all state was a great company that helped a lot of people.. all of these comments are false

Submitted by Guest (not verified) on October 26, 2009 - 9:01pm.