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Neal Jacobson, Former Mortgage Broker, Confesses to Shooting his Wife, Twin Boys to Death Man without Mortgage Loses Home in Foreclosure – The Big Picture She sees opportunity in the foreclosure. home mortgage interest deduction that amounts to housing assistance for the wealthy. Desmond’s case for this idea, though, is the strongest yet. "It’s just.Jacobson’s wife, Traci, pleaded guilty to aiding and abetting residential mortgage fraud. dakota county accused Jacobson in an August 2016 complaint of persuading his lender, JPMorgan Chase, to allow a short sale of his Apple Valley house because he was having money problems and had filed.