Mortgage fraud allegations are something that many different kinds of people can end up facing. Real estate professionals, appraisers and brokers sometimes have such accusations brought against them. However, a person does not have to be a financial or real estate professional to find themselves accused of this type of fraud. For example, mortgage fraud allegations are sometimes leveled at home buyers.
Whether you are a real estate/financial professional or a home buyer, being accused of mortgage fraud can have some incredibly serious implications. It could lead to federal charges. There are multiple different types of federal charges that are sometimes brought in relation to mortgage fraud allegations, including bank fraud charges, wire fraud charges and conspiracy charges.
There are all different kinds of behaviors and actions in relation to mortgage applications that can constitute mortgage fraud. Thus, mortgage fraud allegations can have quite a few different looks to them.
Consequently, the charges and allegations federal mortgage fraud cases involve can vary significantly. This makes it so federal mortgage fraud cases can end up being quite a bit different from one another. Thus, when one is facing federal mortgage fraud charges, it can be very important for their defense approach to be carefully customized to their specific situation. This is one of the areas where skilled defense attorneys can be of great help to individuals.
Another reason why being represented by a skilled defense attorney can be so important when facing federal mortgage fraud charges is that these charges tend to carry rather high stakes with them. Convictions on federal charges related to mortgage fraud allegations can sometimes result in individuals facing massive fines and the possibility of spending decades in prison. A person could be putting an awful lot at risk by trying to deal with such a high-stakes situation without high-quality legal help.
Source: FindLaw, “Mortgage Fraud,” Accessed August 6, 2015
