Mortgage Fraud Attorney
An experienced and knowledgeable criminal defense attorney can help protect your rights if you face mortgage fraud charges. Mortgage fraud is a serious offense and can carry severe penalties such as fines, jail time, or both. It is important to understand the different types of mortgage fraud to mount the best possible defense. With the help of our qualified mortgage fraud attorney, you can ensure that your case is thoroughly investigated and all legal options are explored. At Stout Defense, P.A., our skilled attorney can also guide you through the legal system's complexities and advise on how your rights may be affected by current laws and regulations. By acting quickly and aggressively, we will work hard to build a successful defense strategy explicitly tailored to your case. Contact our Gainesville law firm today to request a free consultation!
What Is Mortgage Fraud?
Mortgage fraud is an intentional deception in obtaining a mortgage loan. It typically involves misrepresentation, misstatement, and omission of information to influence a lender's decision to fund, purchase, or insure a loan secured by real property. Mortgage fraud can take many forms, such as inflating your income on a loan application, providing false appraisals, or misrepresenting existing debts not disclosed at closing. Mortgage fraud is highly illegal and can lead to severe criminal and civil penalties if you are found guilty of it.
Types Of Mortgage Fraud
There are several methods a borrower can use to attempt to commit mortgage fraud, but it is often divided into two categories based on the motive, for-profit or housing. The goal of fraud for profit is to steal money from a home seller or a mortgage institution. At the same time, fraud for housing is committing fraud to obtain a loan and buy a house. The intent is an essential aspect of criminal cases, and the type of mortgage fraud attempted or committed will play a significant role in your case.
Potential Consequences Of Mortgage Fraud
The potential consequences of mortgage fraud can range from significant fines to extended prison sentences. The victims of the fraud can pursue a civil claim against you for monetary compensation while the state seeks criminal charges. Depending on the amount of money involved, a person convicted of mortgage fraud could face up to 30 years in prison and/or up to $1 million in fines. In addition, they may also be required to pay restitution to the victims of fraud in both civil and criminal cases. Other consequences may include being prohibited from obtaining a mortgage in the future and facing increased difficulty when trying to get credit or employment. Mortgage fraud is a severe crime that can have long-term ramifications for the person convicted.
How Our Criminal Defense Firm Can Help
At Stout Defense, P.A., we strive to provide comprehensive and impactful defense for our clients. Our accomplished attorney has a thorough understanding of the law and can help you construct the best possible defense against allegations of mortgage fraud. With years of experience in the courtroom, attorney Adam Stout understands the intricacies and complexities of criminal cases, allowing him to accurately assess the situation and tailor a strategy best suited to your needs. We aggressively represent our clients, working diligently to protect their rights and seek positive results. Plus, we understand how difficult this time can be for our clients, so we always offer competitive rates and strive to make our services accessible and affordable. Contact us today for a free consultation from one of Gainesville's most experienced criminal defense attorneys!