17th Mar 2020
When a person intentionally submits incorrect information in the course of applying for a mortgage, they can be charged with the crime of mortgage fraud. The liability for the offense is often strict and will lie when a person intentionally confused the information they provided in their application, omitted anything or lied about anything.
Mortgage fraud is a serious offense in Florida. If you are being investigated for mortgage fraud, you may be facing the stiff penalties that come with the offense. To defeat the charge, you will require the assistance of a competent and experienced South Florida criminal defense attorney who can mount a vigorous defense on your behalf.
Our expert South Florida criminal defense attorneys have been defending residents of South Florida and environs accused of various charges for more than 30 years. We thoroughly understand the laws regulating these offenses and can explore a wide range of defenses that can be asserted on your behalf.
Mortgage fraud can result in severe repercussions for both borrowers and lenders. The offense will amount to borrower fraud where the borrower intentionally submitted incorrect information. This is also known as Fraud for housing. If the lender commits fraud to make a profit, then a charge may be brought for professional fraud on their part.
Under federal and Florida laws, mortgage fraud is a very serious crime that attracts stiff penalties. In Florida, mortgage fraud is punishable as a third-degree felony and attracts up to 5 years in prison. If the loan value stated in the document is higher than $100,000, the offense may be charged as a second-degree felony. This attracts a penalty of up to 15 years in prison.
If you are being investigated for mortgage fraud, our expert criminal attorneys can review the circumstances of your case and build a strategy that is tailored to your case. Contact us immediately to put your defense into motion.