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A Baltimore Bounty mortgage broker was indicted in April on charges he defrauded an Edgewood man.

Frank G. Debelius, 53, of the 7800 block of Eastern Avenue in Baltimore, was indicted April 14 in Harford County Circuit Court on four counts of protection of homeowners in foreclosure as well as single counts of issuing a false document, forgery, theft more than and less than $500 and theft scheme more than $500.

Debelius, the former owner of Bay One Mortgage, in the 3200 block of Eastern Avenue in Baltimore, allegedly misappropriated funds that were to be used for a mortgage refinancing.

“In these difficult economic times, an increasing number of people are under financial stress due to unemployment and tightening credit markets. This has resulted in higher foreclosure rates in the real estate market. Unfortunately, people have not only suffered because of hard economic times, but in some cases have fallen prey to unscrupulous mortgage brokers,” Assistant Harford County State’s Attorney Bill Christoforo said.

Debelius, who was released on $30,000 bail, is scheduled for arraignment June 22.

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Three hundred members of the Maryland Department of Juvenile Services staff are receiving training on adolescent brain science, the psychology of trauma and cognitive behavioral therapy.
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