Disbarred NJ Attorney In More Hot Water; Pinched For Allegedly Hijacking Title To House Using Forged Deed, Then Pocketing Close To $1M Through Multi-Mortgage Refinancing

From the Monmouth County Prosecutor's Office:

• Alexander Iler, 38, of Middletown, was arrested [] on a charge of second-degree theft for fraudulently converting the ownership of a Middletown property to his own name, Acting Prosecutor Christopher J. Gramiccioni announced. Iler, formerly a licensed attorney, was disbarred from the practice of law in July 2012. He previously maintained a law practice in Red Bank, N.J.
  
  The investigation undertaken by the Monmouth County Prosecutor’s Office revealed that
  Iler fraudulently assumed ownership of a Middletown property by recording a deed, at the Monmouth County Clerk’s Office, which contained a forged signature of the purported “seller.”
  
  Though no sale of the property had actually taken place, the fraudulent deed purported to reflect a transfer of the property from the seller to Iler for a sale price of $575,000 in December 2011. Iler subsequently encumbered the real estate with multiple mortgages, totaling approximately $1,000,000.
  
  Iler was arrested on October 24 and was remanded to the Monmouth County Correctional Institution in lieu of a $250,000 bail, with no 10% option, set by Superior Court Judge Richard W. English., J.S.C. Conditions of bail also required Iler to surrender his passport and submit to a hearing on the source of any funds posted for bail.

For the press release, see Former Red Bank Attorney Arrested for Fraudulently Converting Middletown Property.