Douglas Skibicki, 42, was also ordered to forfeit $1.4 million and to pay restitution to the victims; the exact amount will be determined at a later date, the U.S. Attorney's Office said.
In the case of one property, a vacant lot in Elkridge that he owned with a family member, Skibicki in June 2006 filed a loan application for $350,000 to refinance the property. His appraiser prepared a fraudulent appraisal, including photographs, that indicated there was a 2,040-square-foot house on the property.
In August 2007, when the Elkridge site remained a vacant lot, Skibicki refinanced the property again, submitting an application to a bank seeking $517,500, with title to the property only in Skibicki's name. This time his appraiser stated that a 3,297-square-foot, five-bedroom home sat on the land and provided photographs of a house that existed elsewhere.
Skibicki let the mortgage on the Elkridge property go into default, which led to foreclosure proceedings.
Skibicki admitted that he made misrepresentations to other lenders to get mortgages on additional properties, the U.S. Attorney's Office said.