Sacramento Mortgage Fraud Lawyer

Sacramento Mortgage Fraud Attorney

It’s not uncommon for real estate industry professionals or individuals to have their careers and their personal lives shattered because of a mortgage fraud conviction. Many times, the allegation of such a crime can be enough to cause permanent damage to an individual’s reputation. If you find yourself facing such allegations, it’s vital that you get ahead of them quickly by hiring a Sacramento mortgage fraud lawyer to help you build a strong defense.

The legal team at Tully & Weiss understands the complexities of a mortgage fraud case, as well as the potential reputational damage you could face for having Sacramento mortgage fraud claims against you. It is vital to your case to hire a mortgage fraud lawyer. You don’t want to try to face this alone. If you lose, the resulting criminal conviction could destroy your future and impact your personal relationships as well. Hire a mortgage fraud lawyer if you are facing allegations of mortgage fraud.

Why Should You Hire a Mortgage Fraud Lawyer?

When you realize you could be facing potential mortgage fraud charges, it’s important to stay proactive and do whatever you can to get ahead of those charges, if only to preserve your reputation in your field. Throughout it all, you will want someone by your side who understands all that is at stake for you. At Tully & Weiss, our combined 25 years of legal experience are at your disposal, with Certified Criminal Law Specialist Joseph Tully leading the team to help you.

In 2024, California was reported to have the largest overall mortgage fraud risk increase at 14.6%. It is not an uncommon crime to be accused of. Understanding the statistics can make it easier to work through your own case with your mortgage fraud attorney’s assistance.

Mortgage fraud is on the rise in the state, and the local Sacramento County District Attorney’s Office is a central hub for investigations into these matters. It is crucial to have a seasoned mortgage fraud attorney who is well-versed in these types of cases and knows what it takes to defend them.

Common Examples of Mortgage Fraud

Mortgage fraud largely involves misrepresenting information or omitting it entirely during the mortgage loan process. The ultimate goal is largely to obtain a loan or to secure more favorable loan terms that would likely not have been granted without committing said fraud. Mortgage fraud can be committed by many different people during this process, including borrowers, lenders, or even real estate agents. Here are some common examples of mortgage fraud in California:

• Misrepresenting Income: In order to qualify for a better loan, it is not uncommon for some borrowers to attempt to misrepresent their own income or falsely claim assets that they don’t actually have. This can often result in serious mortgage fraud penalties.
• Falsifying Occupancy: This type of mortgage fraud occurs when a borrower is dishonest about their intention to occupy a property to obtain better terms on their loan. Owner-occupied properties are often seen as less risky than investment properties. Falsifying occupancy can result in harsh fines and even prison time.
• Straw Buyers: Another common form of mortgage fraud is the use of straw buyers. This involves using a person to purchase a property using fraudulent information on the application in an attempt to conceal the true buyer, who likely would not be approved for the loan. This illegal practice can lead to serious consequences for all involved.

FAQs

Reach Out to a Mortgage Fraud Lawyer Today – Tully & Weiss

If you are facing charges for mortgage fraud, you should speak with an experienced mortgage fraud lawyer immediately. You may be in for the legal fight of your life, and it is important that you prepare yourself accordingly. The seasoned legal team at Tully & Weiss knows the kind of legal help you will need to beat the charges being made against you and is here to help. Contact us to speak to a legal professional about the circumstances of your case.