If you suspect you are a victim of deed or mortgage fraud, you should report the fraud to the Department of Records. Complete the "After Recording" and "Prepared By" statements and fill in the name of the county.This is a simple way to monitor your land records. The penalty for mortgage loan fraud may include prison time, fines, and restitution. Typically, mortgage fraud is charged as a felony offense. In Pennsylvania, as in many jurisdictions, a forged signature can potentially render a document void or unenforceable. Title theft typically involves fraudsters forging documents and filing them with the local recorder's office.