What is Mortgage Fraud? Mortgage fraud is defined by the Federal Bureau of Investigations (FBI) as "any material misstatement, misrepresentation or omission relied upon by an underwriter or lender to fund, purchase or insure a loan." Mortgage fraud includes a broad variety of criminal actions that involves misrepresented information or omitted information on a loan application.
Hire a Mortgage Fraud Lawyer: The growing number of mortgage fraud instances has led the federal government to actively investigate and prosecute alleged mortgage fraud schemes involving investors, brokers and buyers. If you suspect you might be involved in a mortgage fraud scheme or if you are convicted of mortgage fraud, speak to a real estate lawyer before moving forward.
Find a Mortgage Fraud Lawyer: If you are convicted or suspected of mortgage fraud, you may be prosecuted on the actual loss and intended loss that resulted from the mortgage fraud. Contact Attorney Search Network today to find a highly qualified real estate lawyer in your area.