Mortgage Fraud
Florida Federal Mortgage Fraud Defense Lawyer
South Florida is one of the primary markets in the US that is rife with mortgage fraud and real estate fraud. Due to the fact that mortgage and real estate fraud is on the rise in South Florida the federal government has stepped up investigations and prosecutions of alleged mortgage fraud schemes that involve brokers, straw buyers and investors. If you are convicted of mortgage fraud the penalties are very severe and the costs are very high, it is important that you hire an experienced mortgage fraud Defense attorney who can provide you aggressive defense and offer the best defense in a mortgage fraud or real estate fraud case. Edward Hanna will defend you against charges of mortgage fraud and real estate fraud.
Hollywood attorney Edward Hanna has over 30 years experience handling federal white collar crime cases, including those that involve real estate fraud, mortgage fraud and similar crimes. Ed Hanna is results driven and delivers aggressive criminal defense representation to individuals who are charged or being investigated for mortgage and/or real estate fraud.
The crux of real estate mortgage fraud involves a willful act to defraud a federally insured institution such as a bank, lending institution or insurance company. Some of the schemes include:
- Foreclosure schemes
- Inflating appraisals and air loans
- Silent second schemes
Some schemes include:
Straw buyer loans to purchase property
A straw buyer is an individual or group of individuals used to purchase property for investors could not qualify for the loan to obtain set property due to a multitude of other loans and other properties. The investor or investors initially had plans to resell or flip the property within a short period in order to make a profit. The recent economic downturn in the real estate market in Florida caused the investor to default which led to the criminal charges of mortgage fraud and property flipping. Although purchasing properties and flipping them for a profit is not in itself illegal the deception used for the initial purchase of the early state holding is a criminal act.
Inflated appraisal
In this fraud scheme a straw buyer is again used to purchase a property on behalf of all of an investor or investors. The property is then sold and repurchased multiple times, with each subsequent purchase the price of the property increases through the use of corrupt appraisers, title and escrow companies and other individuals. The inflated profits are taken by the investor, real estate broker, title company and appraiser.
Real estate fraud and mortgage fraud have very serious consequences attached to them from severe fines too long jail sentences. Edward Hanna is an experienced attorney who is accustomed to handling high-profile cases. He understands what the prosecutors will be throwing at him because he was a former federal prosecutor, Assistant US Attorney and state prosecutor.
Contact Florida Mortgage/Real estate Fraud Defense Attorney
If you have been arrested or are under investigation for real estate or mortgage fraud, contact Edward Hanna in order to Discuss your case. From law offices in Hollywoodi, Florida.
Call today (954) 893-7030
Mr. Hanna and his colleagues at the Law Offices of Edward Hanna, P.A. provide legal services in the following areas, among others:
LAW OFFICES
| EDWARD HANNA, Esq. | OFFICE: (954) 893-7030 |
| EMERALD VILLAGE PROFESSIONAL PLAZA | OFFICE: (954) 745-2100 |
| 3864 SHERIDAN STREET | FAX: (954) 963-2227 |
| HOLLYWOOD, FL 33021-3634 | CELL: (954) 980-2677 |
Call or contact Mr. Hanna directly at:
EdHannaLaw@aol.com
Mr. Hanna personally answers all e-mails and phone calls.
ADMITTED: FEDERAL, FLORIDA, PENNSYLVANIA, and WASHINGTON, DC BARS
