We shared the story yesterday about a couple who used a loophoole in a law to fight their foreclosure all the way to the Iowa Court of Appeals. They won their $300,000 home after paying the mortgage company one payment. Now the couple's earlier foreclosures are being questioned. In December, a top official at the Iowa Finance Authority lodged a complaint with Iowa's Division of Banking after Jamie Danielson applied to obtain a mortgage broker's license. The complaint alleges she had already racked up $1.43 million in unsecured debt; that she and her husband appeared to profit handsomely from two previous house deals that wound up in foreclosure; and that Jamie Danielson was involved previously in a loan obtained by a relative who got a house for free because the relative's spouse did not sign the mortgage. According to the Register, the Danielson's aren't commenting any further until they talk with their attorney.
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