Mortgage fraud is a serious issue in Florida that can lead to severe penalties. However, some people may face these charges because of mistakes or miscommunications during the mortgage process, while others may be subjects of false accusations. In any case,...
When a person buys real estate on behalf of someone else, the law may consider them a “straw buyer” if they have no intention of using the property themselves. For example, an individual with good credit may secure a mortgage and purchase a piece of real estate for...
Mortgage fraud is defined as a misrepresentation, omission or misstatement relating to a potential mortgage or property that is used by a lender or underwriter to purchase, fund or insure a loan.The motivations behind mortgage fraud cases can vary, but in some cases...
It is unlawful to misrepresent or omit necessary information on an application for a mortgage loan in Florida or elsewhere in the United States. Mortgage fraud often includes money laundering issues, matters concerning electronic bank transfers or postal transactions....
When a person or company is accused of financial wrongdoing, it does not constitute proof of guilt. Sometimes, even after a situation is ruled upon in court, an appeal may be filed that results in a verdict being overturned. This seems to be the case in a situation...
Florida has a high rate of white collar crime. Some alleged offenses involve mortgage fraud. When facing such allegations, a positive outcome in court may hinge upon an aggressive and focused defense, which can be quite challenging if one does not retain legal...
In a white collar crime reported outside the state of Florida, a man was recently sentenced to federal prison. The 52-year-old former real estate developer was sentenced by a U.S. District Court judge. The conviction was based upon proof of an $8 million mortgage...
The Florida mortgage and real estate industries are vast and complex systems of buying and selling private and commercial properties throughout the state. Some individuals might currently be facing allegations of mortgage fraud or real estate schemes that involve...
A recent incident involves a 31-year-old man accused of receiving kickbacks from various community businesses. The charges against him involve mortgage fraud, scheming to defraud, providing insider information and making unlawful promises. A Florida country sheriff's...
Many people have reportedly pleaded guilty in a recent case in Florida. The alleged mortgage fraud amounted to approximately $64 million. On a recent Tuesday, three people, a 58-year-old woman, 62-year-old woman and 57-year-old man, entered their guilty pleas,...
