Los Angeles Mortgage Fraud Attorneys
Looking for a mortgage fraud lawyer in Los Angeles? Mortgage Fraud can take many different forms, from misstating facts on one’s loan application to inflating one’s income, failure to disclose one’s liabilities, and appraisal fraud. There are many instances of people working together to affect the case.
Recently, government courts have initiated cases in response to reports of these types of crimes. Some of these cases are now quite challenging. These crimes often involve multiple individuals collaborating. Real estate agents, loan agents, fake buyers, and price checkers may be involved. This cheating harms both banks and borrowers.
The FBI recently launched the Financial Institution Fraud Unit to investigate mortgage and home scams. The team investigates whether real estate professionals or lenders inflate home values, provide false loan information, or engage in unfair practices. In these cases, the FBI works closely with the attorney general to monitor for fake income, assets, or job history provided by industry workers or buyers to obtain loans.
Mortgage Fraud Lawyer Los Angeles
Choosing an experienced Los Angeles mortgage fraud attorney is crucial. A skilled defense lawyer will guide your decisions, investigate your arrest, question the police, and fight for you in court. Our team is dedicated to protecting your rights and working diligently to secure a favorable outcome in your case.
How To Choose the Right Mortgage Fraud Lawyer in Los Angeles?
Choosing the right mortgage fraud lawyer is very important for your case. It helps you address the problem effectively. Following these tips can help you find a lawyer who will advocate for your best interests and work towards a favorable outcome. Here are some tips to help you choose the right lawyer.
- Experience and Specialization: Consult a lawyer specializing in mortgage fraud or real estate law for essential expertise.
- Reputation: Check lawyers’ reputations through online reviews, testimonials, or referrals from trusted sources.
- Consultation: Schedule consultations with multiple lawyers to evaluate their communication style and your comfort level.
- Fees and Billing: Learn their fee structure—hourly, flat rate, or contingency—and choose what fits your budget.
- Communication Skills: Ensure they communicate clearly and keep you informed throughout the process.
- Strategy Approach: Ask about their approach to handling cases like yours and how they plan to tackle your specific situation.
Gurovich Berk – Expert Mortgage Fraud Lawyer Los Angeles
If someone has accused you of wrongdoing or you are under investigation, please contact Gurovich Berk as soon as possible. We offer complimentary consultations to review your case and provide clear, personalized legal advice, guiding you toward the best solution at every step.
Let us help you with support and aid from a criminal defense law group. Gurovich Berk law firm possesses a wide range of skills in the State court system. We serve Los Angeles, Orange, Ventura, and San Diego Counties. We understand this is a difficult time. Please schedule a consultation today with our law group, which has specialized in criminal defense since our founding.
What Are the Common Types of Cases Managed by Mortgage Fraud Lawyers?
Each of these cases can lead to significant legal problems. You’ll need a skilled lawyer to handle and explain these cases, and legal assistance may be necessary. They often deal with various types of home loan fraud. They know how to navigate the multiple steps required in these cases.
- Loan Application: This refers to providing false statements and information on a mortgage application, such as inflating income or misrepresenting employment.
- Property Flipping Schemes: A property is purchased and quickly resold at an artificially inflated price, often with collusion from appraisers.
- Straw Borrower Schemes: A “straw borrower” applies for a mortgage on behalf of someone who can’t qualify, often resulting in default.
- Foreclosure Rescue Scams: These scams prey on distressed homeowners, charging upfront fees with false promises to prevent foreclosure.
- False Appraisals: Attorneys may handle cases involving appraisers who inflate property values to obtain larger loans.
What Are the Potential Penalties for Being Convicted of Mortgage Fraud?
Mortgage fraud is a serious crime that can result in severe penalties. The punishment for a crime depends on its severity and location. Anyone charged with mortgage fraud should consult a lawyer immediately to understand their options and possible defenses. Penalties may vary and can be severe.
- Prison Time: Convictions can result in lengthy prison sentences, especially for large-scale or multi-victim scams.
- Fines: Courts may impose hefty fines for mortgage fraud, sometimes reaching hundreds of thousands of dollars.
- Restitution: Offenders may be required to repay victims for any money defrauded in the real estate transaction scheme.
- Loss of Professional License: If the person holds a professional license (e.g., real estate agent or loan officer), it could be suspended or revoked.
- Civil Penalties: In addition to criminal penalties, individuals may face civil lawsuits from affected parties or regulatory agencies.
- Impact on Credit and Employment: A conviction can significantly lower your credit score and hinder future job opportunities in some industries.
How Can a Mortgage Fraud Attorney Help Defend Against Criminal Charges?
When you face criminal charges for mortgage fraud, it’s essential to get help from a mortgage fraud attorney. Their skill can change how your case ends under federal law. They provide insightful advice at every step. A mortgage fraud attorney helps in many ways.
- Legal Expertise: They understand the complex laws surrounding mortgage fraud and can explain your rights and options.
- Case Evaluation: An attorney will review your case, gather evidence, and identify weaknesses in the prosecution’s argument.
- Defense Strategy: They can create a defense strategy, from challenging evidence to negotiating plea deals.
- Negotiation Skills: A skilled attorney can effectively negotiate with prosecutors to reduce charges or penalties, ultimately securing a more favorable outcome.
- Representation in Court: If your case goes to trial, an experienced attorney is essential to present your defense and advocate for you.
- Protection of Rights: An attorney ensures that your rights are protected throughout the legal process, preventing any unfair treatment or exploitation.
EARLY INTERVENTION BY COUNSEL IS KEY TO A PROPER DEFENSE
It’s imperative to have an experienced and knowledgeable mortgage fraud attorney begin working on your case as early as possible. Key decisions—such as how your case is handled and what charges you face—are often made soon after your arrest, sometimes even during the investigation.
Getting help from our defense lawyers early can make a big difference. They may be able to reduce or dismiss charges before your first court date, potentially preventing felony or misdemeanor cases from proceeding to trial. Having legal representation early on can significantly influence the outcome of your case. Acting quickly is crucial.
Over the years, our criminal defense lawyers at Gurovich Berk law firm have successfully represented numerous clients charged with mortgage fraud as described above. We have observed that the longer one postpones hiring a criminal defense lawyer, the greater the problem may become.
Please feel free to call for an initial FREE CONSULTATION in one of our offices, or in the privacy and convenience of your own home, during which we can explore how best to defend and resolve your criminal case throughout the entire process. Gurovich Berk law firm’s 24-hour telephone numbers are:
(818) 205-1555
(310) 288-0795
(626) 356-0447
(213) 385-1555