Mortgage Fraud Defense

The Samuelson Law Firm Provides The Help You Need

According to the FBI, mortgage fraud is on the rise in our country and are readily adapting to economic changes and modifications in lending practices. The FBI has also flagged both licensed/registered and non-licensed/registered mortgage brokers, appraisers, lenders, underwriters, accountants, land developers, investors, builders and others as the most likely to commit mortgage fraud. Mortgage fraud occurs when conscious and deliberate misstatements are placed on mortgage documents.

If you have been charged with mortgage fraud, you need to get the help of a criminal defense lawyer to get high-quality defense in this serious white collar crime allegation. Even though the total dollar losses from mortgage fraud are unknown, the government is taking drastic measures to hunt down suspects. Fight back as soon as possible with a Colorado Springs criminal defense attorney from The Samuelson Law Firm.

What Is Mortgage Fraud?

Mortgage fraud generally occurs in two separate ways. Someone may attempt provide specific information in order to apply for a loan they are otherwise unable to obtain or when someone misrepresents facts in order to extract money from a transaction.

Common types of mortgage fraud includes:

  • Submitting forged paystubs in order to obtain a loan
  • Loan application is made in the name of someone besides the home buyer
  • Stolen identity is used in order to obtain a mortgage
  • Home appraiser increases the value of the home greater than its actual worth
  • Home is purchased, appraised at a falsely higher value, and then resold
  • A smaller, second loan is taken out on the home without the first lender's knowledge
  • Home is purchased in another person's name, who hands it over to another person who then rents the property without making payments.

If you are facing mortgage fraud charges for any of these activities, you need an attorney who knows his stuff and can find holes in the prosecution's case. These cases are all the more serious because you have likely been investigated by a professional investigator, possibly from a state or even federal agency. You need professional representation that will know how to challenge the allegations that are made. Any white collar fraud crime is serious and a conviction could lead to heavy fines and even the possibility of prison time.

Protecting Your Rights in State or Federal Court

The penalties for mortgage fraud are largely determined by the amount of loss and the defendant's role in the offense that has taken place. In some cases, both state and federal statutes may play a role in determining a defendant's penalties and prison time can easily exceed 20 years. When your rights and freedoms are on the line, you need to make sure you have solid defense to these allegations against you.

If you have been accused of mortgage fraud, you will benefit from a confidential consultation with a skilled criminal defense attorney. Here at The Samuelson Law Firm I provide the highest quality of legal counsel and protection for my clients on a 24/7 basis, and I am prepared to help you. Call today.

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