Federal Mortgage Fraud violations occur when someone engages in fraud by misusing the housing market/sales system. There are two primary categories which constitute mortgage fraud violations. These are…
What are the Penalties if Convicted of Federal Mortgage Fraud?
If convicted of Federal mortgage fraud, the penalties can be severe. These are
In addition to these, civil penalties/lawsuits will likely result in substantial penalization. There is no limit to the monetary damages which may be rendered in the case of a civil lawsuit, especially if you lose your criminal case.
For this reason, you need an attorney with experience in both Federal Mortgage Fraud criminal charges as well as civil litigation defense. You need Jason Korner.
Any material misrepresentation when seeking a mortgage is a violation of Federal Mortgage Fraud and most state mortgage fraud laws. However, intent is the key.
The mortgage fraud laws were not created to punish mistakes, only intentional efforts to defraud via the housing market.
Thus, the simple mistake on a mortgage application will not likely land someone in hot water with law enforcement.
Rather, investigators seek patterns of conduct which indicate intentional efforts to increase the return on investment (ROI) by illegal means.
There are 15 known mortgage fraud schemes and elements of schemes which are commonly used. These are…
Federal Mortgage Fraud violations almost always involve other than one person. This is because of the complexities of the housing market and the potential for larger gain when others assist in the fraud.
When defending Federal Mortgage Fraud charges, your attorney will ardently challenge all government evidence. Depending on the reason for the charges, your defense may be ignorance or some other reason for the discrepancies which resulted in a failure of loans. For instance, there may have been clerical errors or improper record-keeping on the part of other players involved.
One of the first strategies will be, if possible, to get your case eliminated on the grounds that you simply made a mistake. That failing, there will be other ways to poke holes in the prosecution’s case.
Remember, intent to commit Federal mortgage fraud is necessary to prove the act criminal. So a key strategy will be to force the government to prove intent.
Facing a FederalMortgageFraud Charge? Call Criminal Defense Attorney Jason Korner!
If you are facing Federal Mortgage Fraud charges, you need to get in touch with the Law Offices of Jason A Kroner now. Our offices are conveniently located west of the city at 7911 Forsyth Blvd, St. Louis, MO 63105. Call us now to schedule your free consultation.
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