Falsifying or misstating some information regarding a mortgage loan may lead to serious legal trouble. If you did this with an intention of defrauding the lending institute, you may face criminal charges. In case you were facing charges of mortgage fraud, it is better to find a criminal attorney for help immediately.
Different actions on the part of the borrower can be interpreted as attempts to defraud the lender. Some instances include submitting fake documentation, using a fictitious identity, inflating an appraisal, and so on. Any such misrepresentations may lead to a criminal charge against you.
Depending on the objective of the crime, there are two categories of mortgage fraud –
Fraud for Housing – using fraudulent means to acquire the ownership of a house
Fraud for Profit – using knowledge of the industry for personal gain
Whatever the type of crime, any mortgage fraud may result in an investigation, and a charge. It is important for you to get a West Palm Beach criminal attorney if you were facing any such investigation or charge. Only capable and timely criminal defense can help you find a solution to this problem.
If convicted with mortgage fraud the penalties may include jail term, fees and fines, restitution and forfeiture, and so on. It also means a mark on your criminal record. The wise thing to do is get a criminal defense attorney to work on the case if you were facing such investigation or charges.
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These articles are for the benefit of our readers including those from other states besides Indiana, and might not pertain to, or reflect the laws of Indiana or the practice areas or opinions of The Garrison Law Firm.
