Gloucester City Resident Daniel Sheehan Arrested for Mortgage Loan Modification Scams

Department for theft by deception for deceiving numerous people in a multi-state mortgage loan modification scam. Sheehan was arrested by the U.S. Marshals Fugitive Regional Fugitive Task Force, Camden Division after he failed to cooperate with the investigation and was turned over to the Gloucester Township Police Department’s Investigation Bureau.

Sheehan had deceived customers by stating he was the owner of \”National Securitization Auditors\” or \”DJS Consulting,\” where he charged an initial fee to allegedly prepare loan modification paperwork and negotiate debt forgiveness with lower interest rates among various lenders.

Besides the initial fee, Sheehan had collected additional monthly mortgage payments from some homeowners and did not forward these payments to the mortgage companies as promised, nor did he submit the original loan modification paperwork.

 Sheehan worked by \”word of mouth\” and several victims are concentrated in the Camden and Gloucester County areas. He appeared to have also committed his fraud with several subjects in the New York area under the alias \”John Gillen.\” Additional complaints are pending in Gloucester Township, and there are indications that there may be additional victims throughout the Philadelphia area.