Under the federal law in Miami, the punishment for a conviction of mortgage fraud
can be up to 30 years in prison and a person can commit mortgage fraud by doing any
of the following:

– The person has an intent to defraud
– Using false identification to receive a mortgage
– Making material misstatement, misrepresentation, or omission during the mortgage lending process with the intention that will be relied upon by a mortgage lender, borrower, or any other person or entity involved
– Over-values any land or assets to obtain a mortgage
– Using or facilitating the use of any material misstatement, misrepresentation, or omission during the mortgage lending process
– Using a false Social Security number, name, or address to get a mortgage
– Receiving compensation connected with a material misstatement, misrepresentation, or omission during the mortgage lending process
– Using the mail or any wire service to aid in perpetrating mortgage fraud
– Being involved in the filing of a mortgage document that contains a material misstatement, misrepresentation, or omission.

If you’ve been accused of mortgage fraud contact the Law Offices of Scott B. Saul to speak with an experienced criminal defense attorney for legal advice.