Orlando Mortgage Fraud Attorney
Mortgage fraud is a serious white-collar criminal offense that could leave those found guilty facing serious consequences that impact not only their freedom, but other aspects of their lives. Essentially this crime occurs when a lender or borrower attempts to obtain a larger loan than is necessary by intentionally omitting or misrepresenting information on a mortgage loan application.
A financial crime, mortgage fraud may be prosecuted as bank, mail, or wire fraud or even money laundering in the U.S. If you are under investigation or have been charged with any of these offenses, it is critical to discuss your situation with a mortgage fraud attorney in Orlando right away. At Adams & Luka we work aggressively to provide sound legal guidance and a solid defense strategy for clients accused of these types of crimes.Mortgage Fraud in Orlando & Throughout Florida
There are many forms of mortgage fraud whether a potential buyer or investor makes false claims regarding income or a lender includes false information on documentation. What these types of cases share in common is the fact that the buyer makes some type of misrepresentation to the seller. Common scenarios of this white-collar crime include but are not limited to:
- Receiving a government grant or refinancing a home for home improvements you never intend to do
- Using a fake identity on an application for a mortgage loan
- Attempting to qualify for a home loan by providing fraudulent income or debt statements or information
- In the case of a short sale, defaulting on a home loan intentionally or knowingly in an attempt to buy a home and sell it for a profit at full value
- Obtaining a mortgage for a higher value than the property is worth by inflating an appraisal
- Skimming off the equity of a home by providing financial assistance to a homeowner who is economically stressed under false pretenses
There are countless circumstances in which someone may be accused of mortgage fraud. Regardless of the situation, it is vital to work with an Orlando mortgage fraud lawyer in order to protect your legal rights and reach the best possible result.Contact Adams & Luka Today
Regardless of whether you are under investigation for or have been charged with bank fraud, wire or mail fraud or mortgage fraud it is important to seek skilled legal guidance right away. The potential penalties for those convicted may include fines of as much as $1 million dollars along with a prison sentence of up to 30 years, depending on the circumstances. Don't leave your freedom and future to chance. Contact the Orland mortgage fraud attorneys at Adams & Luka today for outstanding legal guidance and representation.