Fighting Mortgage Fraud Allegations With Pride
Stress is common throughout the home-buying process. Between trying to find the perfect home in the right area and attempting to stay within your budget, there are many factors to worry about. For the majority of Pennsylvanians, mortgage fraud allegations are not something to be concerned about, but a mistake could put you within the scope of the federal government.
For more than 50 combined years, attorneys Stanton D. Levenson and Amy B. Levenson Jones have passionately advocated for potential home buyers facing mortgage fraud accusations in Pittsburgh and the surrounding counties. By focusing on listening to our clients and offering open communication, we are able to fully understand the situation they find themselves in and provide solutions to help them limit or escape their legal problems.
Could You Be Charged With Mortgage Fraud?
Many criminal offenses fall under the category of mortgage fraud. But, for the most part, mortgage fraud occurs when a homebuyer, mortgage broker or other real estate professional willingly provides false information on a mortgage document to benefit themselves financially. For example, an applicant may give false financial information to secure a mortgage loan they do not qualify for. Additionally, a real estate appraiser may purposely inflate the value of a property to receive a percentage of the home’s value after it is resold.
What Happens After A Mortgage Fraud Conviction?
The United States views mortgage fraud as a federal offense. However, under federal law, mortgage fraud is not denoted as a specific federal charge and is instead handled as bank fraud or another fraud-related charge.
If a court convicts you of mortgage fraud, you may spend up to 30 years in prison and have to pay a maximum fine of $1 million per offense. Beyond the aforementioned criminal penalties, you could face civil consequences for a mortgage fraud conviction and have to cover the damages caused by the criminal act.
Learn How We Deal With Mortgage Fraud Charges
Purchasing a home is often one of the most significant moments in a person’s life. This sense of pride and accomplishment can all come crashing down if you are suspected of committing mortgage fraud. Our attorneys are prepared to defend your rights and reputation when a mortgage fraud allegation is made against you. For dependable, experienced legal support, please contact Stanton D. Levenson, P.A. Law Offices, at 412-552-3231 or email us today.