Property value has been hit hard and mortgage fraud has become common. At Hedding Law Firm, we understand that sometimes good people get in situations that they need help getting out of. Our defense attorneys are here to help you if you have been charged with mortgage fraud or any other state or federal crime.
If you have knowingly and intentionally misrepresented information in the attempt to obtain a mortgage and the misrepresentation was relied upon the underwriter or mortgage lender, then you may be charged with mortgage fraud.
Lying on a mortgage loan application may not seem like a big deal at the time, but it is a very big deal to Federal authorities and a serious violation (violation of Title 18 United States Code ' 1014).
Mortgage fraud can carry a wide range of penalties depending on the value of the mortgage fraudulently obtained as well as the number of actual incidents involved.
Some common types of mortgage fraud are: Intentionally providing false financial statements; lying about income (income fraud); providing false tax returns; overvaluing a property's value (appraisal fraud); providing fake employment verification; manipulated credit scores/reports; stating that the property acquired is for residential purposes but in actuality is for investment purposes which gives lower interest rates (occupancy fraud); just to name a few.
In United States federal courts, mortgage fraud is prosecuted as wire fraud, bank fraud, mail fraud and money laundering,, and you may face a maximum of 30 years in prison and up to a $1 million fine.
If you are facing mortgage fraud charges, the prosecutor must prove beyond a reasonable doubt that the fraud was done knowingly and intentionally. With the help of an experienced attorney, there may be adequate defenses to use in your favor.
Our lawyers in L.A. have the federal knowledge and background that have given us unmatched credentials. We have a combined 75 years of experience and we have handled many cases involving mortgage fraud. We are knowledgeable about mortgage fraud laws.
Contact our
attorneys in Los Angeles at
Hedding Law Firm to set up a free face to face consultation and we will lay out all your options and strive to get you the best results possible.