With the state of the economy and a diminished mortgage industry, families are finding themselves in desperate situations. Foreclosures have become a major issue, just as purchasing or selling a home has become exceedingly more difficult.
This has caused an increase in mortgage fraud criminal cases and investigations of mortgage fraud. Mortgage fraud is a federal crime which a defendant "knowingly and intentionally" provides false information or "knowingly and intentionally" omits required information on loan applications and other loan documents for the purpose of being approved for a mortgage loan.
Providing false information or omitting required information on a loan application is legally considered defrauding another by deliberately creating a loss to a person or institution through the use of deceit.
There are many situations in which someone unknowingly provided false information and are charged with mortgage fraud. Buying a home can be a daunting task, which we recommend utilizing the services of a real estate attorney, so that you may avoid mortgage fraud issues.
Mortgage fraud is a serious criminal offense which prosecutors, if able, may try to attach additional charges to the indictment such as:
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Other types of fraud which may be added to the indictment may include:
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When a mortgage fraud is determined to exist, other parties may be investigated to determine the full scope of the alleged fraud, including, but not limited to:
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CRAIG A. SONNER
1220 Commerce Park Drive,
Suite 203,
Longwood, FL 32701
Phone: 407.331.1775
Fax: 407.331.7295