While known cases of mortgage fraud have always been aggressively prosecuted in the United States, efforts to detect and eradicate it escalated sharply in the midst of the subprime mortgage crisis of 2008. Federal prosecutors are much more diligent in their pursuit of convictions in these cases, and a conviction can result in extremely severe penalties.
If you have been accused of mortgage fraud or you know that you are being investigated for it, be sure that you have a qualified federal criminal defense lawyer representing you from the outset. At Lynch & Pine, we defend lenders, borrowers, appraisers and others against charges for a wide variety of Rhode Island and Massachusetts mortgage fraud cases.
An Honest Mistake Is Not Fraud
For the government to prove fraud, it must show that the party knowingly misrepresented or omitted key information at any stage of the process. Lenders omitting important terms about the loan, borrowers providing false information about their income and appraisers knowingly providing an inaccurate value for a property are all examples of mortgage fraud.
The key in these cases is intent. If any of these examples was an honest mistake, then an argument for fraud cannot be made. When you hire our firm, we will do everything in our power to prevent a conviction. We will develop the strongest possible argument to show that there was no intent to defraud and that no crime was committed.
Talk To One Of Our Attorneys About Your Mortgage Fraud Defense Needs
If you are contacted by federal authorities in connection with a mortgage fraud investigation, do not say anything until you have hired a lawyer. Contact one of our offices in Newport or Providence immediately. You can reach us by phone at 401-680-0921 or contact us via email to schedule a free initial consultation.