Clearwater Personal Injury & Criminal Attorney
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Tampa Mortgage Fraud Attorney

Florida is listed by the Federal Bureau of Investigation as one of the top ten states for mortgage fraud crime in the nation. There are many types of mortgage fraud and people who are guilty of committing it. While some unfortunate individuals may unintentionally write down wrong information on a mortgage application, many thousands of Americans intentionally do so in order to seek financial benefit, which is, of course, against the law. Any material misstatement, misrepresentation or omission on a mortgage application relied upon by an underwriter or lender to fund, purchase, or insure a loan can be considered mortgage fraud. However, in order to be charged, it must be proven that a person committed fraud intentionally. Mortgages require detailed reports of earnings, the property, and more. When mistakes are made on these documents, it is not always done so with the intent to deceive and should not be charged as such. Call the Tampa law offices of Roman & Roman today at 877-767-1032 for a free legal consultation with one of our Tampa mortgage fraud attorney if you have been charged with mortgage fraud of any kind.

There are a few main categories of mortgage fraud. The purchaser or homeowner who is attempting to deceive the lender in order to obtain a loan, or a loan for a higher amount than they otherwise would have received, is a classic example of what most people think of when they hear about mortgage fraud. Another type of mortgage fraud, though, arises when an individual attempts to take advantage of a struggling homeowner who is looking to ease the financial burden of their current mortgage. Most mortgage fraud is actually carried out by industry insiders such as mortgage brokers, bank officers, appraisers, and others who have a high level of knowledge in mortgage and property finances. The penalties for any type of mortgage fraud are very high, and can grow astronomically along with the level of fraud committed.

The following are examples of various types of mortgage fraud:

  • Loan origination;
  • Foreclosure rescue;
  • Real estate investment;
  • Equity skimming;
  • Short sale;
  • Illegal property flipping;
  • Title/escrow/settlement;
  • Commercial loan;
  • Builder bailout schemes;
  • Home equity line of credit (HELOC);
  • Reverse mortgage fraud; and
  • Loan modification.

Mortgage fraud can fall under both federal and state laws, so defense in such cases is complex and should be handled only by an experienced Tampa mortgage fraud attorney. Furthermore, Florida statute 817.545 lists mortgage fraud as a felony that is punishable by potential 30 years of prison time and hundreds of thousands of dollars in fines. If the fraud was for less than $100,000, it will be tried as a third degree felony, and if it was for over $100,000, it will be tried as a second degree felony and the fines can add up to $1,000,000.

If you have been charged with mortgage fraud of any type, contact the Tampa law offices of Roman & Roman today at 877-767-1032 to set up the best defense possible with our experienced and aggressive Tampa Mortgage Fraud Defense Attorneys.

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Clearwater Office

Clearwater Office

fax: 727-736-3234
2274 FL-580
Clearwater, FL 33763
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Hernando: 352-796-2151
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