Protecting Your Rights During Mortgage Fraud Accusations
Since the housing market collapse, the FBI and its partners have been particularly vigorous in investigating and prosecuting instances of alleged mortgage fraud, particularly large-scale schemes. If you are under investigation, have been served a warrant, or have been charged with mortgage fraud, you may benefit from involving an attorney as quickly as possible. Exercise your right to remain silent and involve a Miami mortgage fraud defense lawyer at Beckham Solis, Attorneys at Law. We have experience fighting such charges and can work fast to protect your rights.
Defining What Mortgage Fraud Means
The FBI defines mortgage fraud as a “material misstatement, misrepresentation, or omission in relation to a mortgage loan which is then relied upon by a lender.” Mortgage fraud may be committed by a lender, buyer, seller, appraiser or another real estate professional.
The following are examples of mortgage fraud:
- Inflating an appraisal to obtain a higher mortgage loan
- Misrepresenting income or assets
- Posing as a borrower on behalf of another party
- Equity skimming
- Foreclosure prevention and loan modification scams
- Illegal property flipping
- Air loans
- Home equity conversion mortgage (HECM) schemes
Under federal law, mortgage fraud may be punishable by up to 30 years in prison and up to $1 million in fines. The rest of your life, along with your financial security, may be in immediate jeopardy if you’re charged with mortgage fraud.
Accused Of Mortgage Fraud? Put Our Experienced Team On Your Side! Call Today.
If you’ve been accused of such an act or scheme, you need to move fast and secure legal representation. Our attorneys can take on any type of mortgage fraud investigation or charge in Miami-Dade County, and we have over six decades of legal experience to apply to your case. We have access to investigators, expert witnesses, forensic specialists and other professionals to help our attorneys fulfill their goal of creating a clear and compelling case on your behalf. We know how to counteract federal investigations and disprove federal charges – against seemingly impossible odds. We’re ready to see how we can put our experience and resources to work for you.