If you are one of the many people in Arizona charged with mortgage fraud, call experienced Mortgage Fraud Attorney Ashley D. Adams. According to the FBI, mortgage fraud is one of the fastest growing white collar crimes in the United States. Criminal investigations into mortgage fraud allegations are particularly common is states most impacted by the real estate crisis of the last several years. A criminal action can be initiated whenever a prosecuting agent believes that a mortgage loan has been obtained by way of false information or concealment of material information. Because of the housing crisis, law enforcement officials have increased their mortgage fraud investigations and arrests. Convictions can result in prison sentences as long as 40 years.
If you are being investigated or have been arrested for mortgage fraud, it is essential that you retain an experienced mortgage fraud attorney as soon as possible. Investigations are lengthy and complex and each step of the process should be handled by a knowledgeable white collar criminal defense lawyer. Even if you have not been arrested but fear that you may be the subject of an investigation, contact Attorney Ashley D. Adams for a free, no-obligation and confidential consultation.
Mortgage fraud can be defined as misrepresentation with the intent to obtain a more favorable deal on a mortgage. The FBI defines mortgage fraud as “any material misstatement, misrepresentation or omission relied upon by an underwriter or lender to fund, purchase or insure a loan.” There are two distinct areas of mortgage fraud that are investigated by the FBI:
Allegations of mortgage fraud can be varied, depending upon the circumstances. Our law firm handles all types of fraud cases but some of the most common include the following:
The rapid increase in mortgage fraud has prompted the federal government to aggressively investigate and prosecute alleged mortgage fraud schemes that can involve home buyers, investors, brokers, or other professionals in the mortgage industry. The consequences of a mortgage fraud conviction are severe. If you are being investigated, or have been charged with mortgage fraud, reach out to our office in Arizona today. Mortgage Fraud Attorney Ashley D. Adams has significant experience defending clients accused of complex white collar crimes and she will work diligently to ensure that your rights are protected.