If you have been accused of reverse mortgage fraud you may face jail time, significant fines and loss of any of your professional licenses. Attorney Ashley D. Adams has extensive experience with white collar criminal defense at both the state and federal level and is particularly knowledgeable regarding reverse mortgage fraud. She may be able to dramatically reduce your risk of conviction. After a thorough investigation of the evidence, she may be able to dismantle the case against you:
Our legal team will fight to have the charges against you dropped or, at least, significantly reduced. Call now to have your questions answered and obtain the peace of mind that comes from having a former Assistant US Attorney on your side.
Home equity conversions, also known as a reverse mortgages, have become increasingly popular since the recession has had such an impact on the nation's economy. People who are 62 and older have taken advantage of this way to get cash from their homes. There are, however, many people who are confused about how the process works. When it does not go the way they believed it should, they might accuse fraud.
If you are being investigated for participating in a home equity conversion scam or reverse mortgage fraud crime, prosecutors and law enforcement agents may treat you as if your are already guilty. We will fight back for you and protect your rights.
The types of reverse mortgage frauds that can occur are of two major types. In a "refi-reverse," the homeowner receives money from the lender for a part of their home's equity. In a "purchase money reverse," the homeowner receives money from the lender toward the purchase of another home. Under both types, the senior does not have to repay the lender for as long as the senior lives in the residence. However, refi-reverse mortgages fund only a portion of the home's value. This means that significant equity remains in the property. Purchase money reverse mortgages, on the other hand, require a significant down payment from senior borrowers to establish equity in the property.
Because this process can be quite complicated, having an attorney who is extremely familiar with the most intricate legal and financial challenges is essential. Call Ashley D. Adams for an aggressive, knowledgeable and experienced mortgage fraud defense lawyer.