Los Angeles Mortgage Fraud Defense Attorney

Charged with Mortgage Fraud in Los Angeles?

Mortgage fraud is being investigated all over the country currently, both from mortgage lenders who have engaged in illegal practices and individuals who have provided incorrect data on their mortgage documents.  If you have been arrested and charged with this crime it is crucial that you get legal representation from a Los Angeles mortgage fraud defense lawyer.  You are facing a serious federal crime and without a skilled defense lawyer you may find yourself paying expensive fines and even spending time in federal prison.

Mortgage Fraud Defense Lawyer in Los Angeles

When an individual signs mortgage papers that contain incorrect information such as name, credit rating, falsified tax return data or other false information and this is later discovered to be false, you can be charged with mortgage fraud.  As this is defrauding a bank, it becomes an extremely serious charge.  When a mortgage company has engaged in practices that are illegal, of which there are a number of possibilities, the company owners can be charged with mortgage fraud, as well as the individual agents involved.  For example, it a home is valued at a price that is much higher than its actual evaluation in order to benefit the mortgage lender, is a common version of mortgage fraud in California.  In other cases, individuals were told that they could refinance their homes that were bought with a subprime mortgage and then later were not able to do so.  This promise could be a type of fraudulent activity.  As the FBI has identified California as one of the top states in which rampant mortgage fraud has been committed, there are task forces looking into the situation from the FBI and other federal investigation units. 

Those charged with this crime will likely also be charged with mail fraud and/or wire fraud, as many of these documents are transmitted by fax or internet, and when a fraudulent activity is perpetrated through the use of these types of transmission, the charge is likely to be included.  If you have been arrested and charged with this crime, or are under investigation by the FBI or other federal investigation unit, it is critical that you get legal representation immediately to protect your rights.  These crimes are considered to be extremely serious and the penalties are harsh.  If a bank has been defrauded by falsifying information that results in a loss to the bank, you can face up to 30 years in state prison as well as a $1,000,000 fine.  It is absolutely vital that you contact the Law Offices of Michael Severo if you have been under investigation or have already been arrested for mortgage fraud.