Frank A. Rubino, ESQ.

FEDERAL AND INTERNATIONAL CRIMINAL DEFENSE

Coral Gables: 305-858-5300
Houston: 713-574-7716
Toll-Free: 1-866-718-3994
Main Menu
Practice Area

Florida Still Dead Last In Mortgage Fraud Index

There is no way to rank the frequency with which fraudulent real estate transactions occur. The Mortgage Fraud Index tries to get a sense of how often this is occurring by tracking the volume of criminal cases in a given jurisdiction. A poor placement on the ranking could be a sign of zealous law enforcement and heavy prosecution as much as a sign that the practice is common. Florida again ranks as the worst state in the Mortgage Fraud Index, indicating that there are more criminal cases against people charged with mortgage fraud than in other states.

Mortgage fraud criminal actions tend to be high in areas where the foreclosure explosion has hit hardest. California, Arizona and Florida have seen massive foreclosures as the result of the housing market crash. In an effort to recoup some of the money lost, banks and state officials in those states may work extra hard to uncover fraudulent or improper real estate transactions.

Florida has now sat atop the rankings for four of the last five quarters. It has rarely left the top five states since the inception of the index several years ago. Florida has an active and experienced group of prosecutors and law enforcement officials who are dedicated solely to catching and prosecuting people for mortgage fraud. If you have been charged or are being investigated for mortgage fraud, you need an experienced defense attorney to protect your rights.

Source: Market Watch, "Florida Worst State in Mortgage Fraud Index," 25 June 2012

No Comments

Leave a comment
Comment Information

Coral Gables Office

Frank A. Rubino, Esq.
550 Biltmore Way Suite 780
Coral Gables, FL 33134

Local: 305-858-5300
Toll Free: 1-866-718-3994
Coral Gables Law Office Map
Email the Firm

Houston Office

Frank A. Rubino, Esq.
712 Main St
Houston, TX 77002

Local: 713-574-7716
Toll Free: 1-866-718-3994
Map and Directions
Email the Firm