Legal representation for mortgage fraud in Florida and the United States
Since the beginning of the Great Recession in 2008, millions of Americans have lost significant value invested in their home. Banks and mortgage lenders, as well, have come under tough regulations for how they handle mortgage loan applications. Everyday homeowners have had to struggle to keep their heads above water.
If you have been accused of mortgage fraud, or a lending professional facing accusations of breaking state and federal mortgage banking laws in Florida, talk to a white collar crimes defense attorneys at Salnick & Fuchs, P.A., as soon as possible. Our law firm has brought together a unique combination of experience, knowledge and legal skill to offer clients unparalleled mortgage fraud criminal defense representation. We understand the legal complexities of state and federal banking regulations and work aggressively to help our clients get the best possible outcome, including fighting to get charges dismissed or reduced from a federal offense to a state felony with reduced penalties.
Mortgage fraud is committed in two ways. First, borrowers may commit mortgage fraud when they submits false, incomplete or inaccurate information with the goal of qualifying for a loan or to negotiating more favorable terms. Second, real estate professionals can also commit mortgage fraud in order to extract money from a property or transaction.
Whatever your situation, hiring a mortgage fraud attorney can will provide the best defense.
Mortgage transactions are complex. They involve multiple parties, large sums of money, and piles of paperwork. Some mortgage fraud schemes are very sophisticated and designed to undermine the system, but mortgage fraud is commonly caused when:
Loan applicants submit fraudulent documentation.
Borrowers use another person's name and credit history for the loan.
An appraiser, along with the mortgage broker or loan officer, provides unrealistically high appraisal value in order to match a buyer's offer.
In addition to criminal charges, individuals accused of committing mortgage fraud may also be responsible for monetary damages incurred by the lender.