When you hear the phrase “mortgage fraud” what comes to mind? Due to the economic downturn several years back, authorities are keeping a close watch on bank officials and real estate professionals.
Anybody who is involved in a mortgage fraud scheme could be charged with a serious crime. In some cases, depending on the extent of the crime, a conviction could lead a person to spend many years in prison.
There are many types of mortgage fraud, including but not limited to application fraud, appraisal fraud, falsified tax returns, falsified financial statements and short sale fraud.
While not always the case, there are times when mortgage fraud charges are coupled with others, such as mail fraud and wire fraud. This only makes your situation more complex, as you now need to deal with these additional charges.
As somebody who works in the banking or real estate industry, you know that there is a lot of paperwork involved. You also realize that there are people out there who are always trying to bend the rules. As a result, you can be put in a bad situation without ever knowing it.
If you are charged with mortgage fraud, it’s important to understand what this means. Furthermore, it’s a must that you employ a defense strategy that gives you the best chance of avoiding a conviction.
Our attorneys are here to provide you with advice and help you avoid punishment. While we can’t guarantee the outcome of a case, we will do everything within our power to mitigate any penalties. We’ll answer your questions and help you deal with every aspect of your case. To learn more right now, take a look at our webpages on white collar crimes.