Mortgage fraud became front and center in the press about a decade ago amid the housing market crash. Federal and state law enforcement agencies and prosecutors take allegations of mortgage, escrow and bank fraud against property owners, investors and lenders seriously.
In some cases, even transactions completed years ago can land people in prison. A conviction for mortgage fraud can also irreparably damage careers and reputations.
Often, mortgage fraud is charged in addition to other types of fraud including:
— Appraisal fraud– Escrow fraud– Falsified tax returns and/or financial statements– Loan application fraud– Loan modification fraud– Mail fraud– Short sale fraud– Wire fraud
The Federal Bureau of Investigation puts mortgage fraud into two distinct categories: “fraud for profit” and “fraud for housing.” All mortgage fraud is considered “financial institution fraud” since it involves the banking system.
At The Goldberg Law firm, we work to help our clients avoid indictment. If that’s not possible, we seek to prevent conviction or mitigate the punishment. Sometimes this is accomplished via a trial, while other times a negotiation with prosecutors is the best course of action. Prosecutors are required not just to prove a person’s involvement in fraudulent activity, but criminal intent as well.
Our lead attorney, Michael J. Goldberg has practiced criminal defense law for nearly a quarter of a century. He and his team have represented real estate agents, mortgage lenders, developers, investors and people buying or selling a home who are accused of mortgage fraud throughout Cuyahoga County.
You can find more information on our services for those suspected of mortgage fraud and other white collar crimes on our website.