Los Angeles Mortgage Fraud Attorney
Mortgage fraud is often associated with bank fraud, since most banks in the United States issue mortgage loans. However, mortgage fraud typically involves the extension of home loans and related fraud schemes.
Mortgage fraud might seem like an obscure white collar crime to most people, yet it still takes place, and it’s still a serious offense. In fact, mortgage fraud carries significant penalties that can impact the rest of your life. If you have been charged with mortgage fraud, you should immediately seek the help of an experienced and skilled mortgage fraud lawyer in Los Angeles. Contact Anand Law Group, P.C., so we can assess your charges and defense possibilities.
Mortgage fraud is defined as the purposeful misstatement, omission, or misrepresentation of information to a lender or underwriter that they need to issue a home loan. This is a fairly broad term that includes a variety of different alleged criminal acts.
Here are a few examples of mortgage fraud:
● Doctoring an appraisal to obtain a mortgage loan for more money than what the home is worth.
● Claiming assets and income that the borrower does not have.
● Posing as a borrower on behalf of someone else who is actually applying for the loan.
If convicted, mortgage fraud can lead to a length prison sentence, costly fines, and/or restitution. It’s essential to hire a highly-experienced and skilled fraud defense attorney if you’ve been indicted for this crime.
Do you need assistance from a Los Angeles mortgage fraud attorney? If so, then you’ve come to the right place. Contact us at Anand Law Group, P.C., to speak to a member of our passionate legal team.