Montgomery County, PA Mortgage Fraud Lawyer
Mortgage fraud is the misrepresentation of facts by individual homebuyers to fraudulently obtain a mortgage or buy property. The term mortgage fraud also applies when realtors, bankers, mortgage brokers, title company personnel or other persons involved in the real estate industry falsify information to benefit themselves or their companies. Bank fraud is often similar to mortgage fraud, in that it involves misrepresentation to fraudulently gain access to a financial institution's assets. Mortgage fraud is often a type of bank loan fraud.
Philadelphia lawyer William Spade vigorously defends clients charged with mortgage fraud. He undertakes state and federal cases involving:
- Kickbacks
- Inflated property appraisals
- Inflated purchase price
- False income and employment records
- False loan documents
- Deliberately incorrect disbursements at closing
- Undisclosed deals between purchaser and seller
- Unrecorded second mortgages
- Claiming to be a resident owner to obtain more favorable loan rates
- Unrecorded down payments
The consequences of being convicted of mortgage or bank fraud can be significant. In addition to having a criminal record, a person may face significant fines, restitution requirements and prison time. This makes is critical to retain experienced legal counsel that seeks to minimize the impact of a mortgage fraud charge.
Mortgage fraud cases, especially those alleging fraud perpetrated through complex, large-scale schemes, can be challenging. Defending against these charges requires an attorney to work closely with forensic accountants, real estate appraisers, and other experts and specialists. William Spade consults with experienced professionals to help determine the facts of an alleged mortgage fraud. He also conducts extensive legal research to develop a fully developed theory of the case. This combination of expert knowledge and Spade's strong research skills allows him to identify weaknesses in the prosecution's case and build a strong defense for his clients.
Contact a Philadelphia lawyer for mortgage and bank fraud. Call attorney William Spade at 866-570-4171, toll free.
