(561) 283-3259 for a free consultation." />
Lenders, borrowers, investors, or other parties may be charged with fraud for various dishonest statements or actions during the mortgage lending process. Because instances of this particular type of white-collar crime have dramatically increased in recent years, the state of Florida has more aggressively investigated and prosecuted alleged offenders in these cases.
People facing these charges not only face lengthy terms of incarceration, but also several thousands of dollars in fines. Additionally, alleged offenders can be ordered to pay restitution that may be hundreds of thousands of dollars.
If you are under investigation for or have been charged with any kind of fraud relating to the mortgage lending process, having knowledgeable legal representation can help you achieve the most favorable possible outcome to your case. Meltzer & Bell, P.A. works tirelessly to get these charges reduced or dismissed for people in Wellington, Royal Palm Beach, Riviera Beach, Palm Beach Gardens, Lake Worth, as well as other surrounding communities.
Our Palm Beach County mortgage fraud attorneys have experience on both sides of the aisle, so we not only understand the legal strategies of prosecutors but the best ways to attack them as well. You can have our firm review your own case by calling (561) 283-3259 today to schedule a free, confidential consultation.
Under Florida Statute § 817.545, the term mortgage lending process is defined as the process through which a person seeks or obtains a residential mortgage loan. This includes, but is not limited to, the solicitation, application or origination, negotiation of terms, third-party provider services, underwriting, signing and closing, and funding of the loan.
Documents that may be involved in the mortgage lending process include, but are not limited to:
Specific examples of the offense listed under the statute include an alleged offender knowingly and with the intent to defraud doing any of the following:
It should be noted that omissions on a loan application regarding employment, income, or assets for a loan which does not require this information are not considered material omissions.
There are several different kinds of mortgage or real estate fraud schemes that result in these criminal charges. Some of the most common alleged plots include, but are not limited to:
A person who commits any of the examples of mortgage lending process fraud listed can be charged with a third-degree felony. However, if the loan value stated on documents used in the mortgage lending process exceeds $100,000, then this can be a second-degree felony.
If convicted, an alleged offender faces the following possible sentences:
Additionally, a person convicted of this offense could also be ordered to pay restitution to the alleged victims.
Have you been charged with or are you being investigated for alleged fraud in the mortgage lending process? You should immediately get yourself legal counsel who will fight to protect your rights.
Meltzer & Bell, P.A. represents clients in Jupiter, Greenacres, Delray Beach, Boynton Beach, Boca Raton, and many other areas of South Florida. Our West Palm Beach mortgage fraud attorneys will provide a thorough evaluation of your case when you call (561) 283-3259 right now to set up a free, no obligation consultation.
...A long weekend vacation in Palm Beach resulted in the potential for serious consequences that could have set me back in unimaginative ways. M+B was a truly incredible legal advocate and was always accessible within minutes to answer questions and discuss the progress of the case within the system - truly remarkable. I could not have retained better legal representation in my case in Palm Beach County.
I just had to commend you on the outstanding job you did on behalf of your client in court yesterday. If my clients were ever to ask me if I know of a good DUI defense attorney, I know to whom I can refer them!
I was facing hard prison time and punishment. [Larry] did everything to pull strings and get me into rehab. After meeting with many therapists I finally got one to diagnose me successfully with Bipolar. Thanks to Larry I have been sober since 6/19/09. My health is great and my family life is amazing. It's because he saw something in me and my family that I wasn't just an alcoholic there was something that told me it was something else.
I was charged with a felony and facing the scary thought of losing my job, but thank you Attorney Steven Bell for helping me. Now I’m able to keep my job and take care of my family. I am truly amazed by your service, and you for understanding what I have to deal with. To me I’m very impressed by way you handled my case and was here to listen and make things OK!
Mr. Steven Bell, Words cant explain how thankful I am for you and your firm. I was facing felony charges and even looking at doing 5 years in jail! Not only did you fight for me, you got my case dismissed and dropped. For that, I don't have words to say “thank you” you were always kind and believed in me. You looked for every opportunity and you won! Thank you for being my guardian angel in disguise and steering me in the right direction. You are forever my “too go guy” thank you soooo much!