Orlando Mortgage Fraud Lawyer
The mortgage industry in Florida and other states, much like the healthcare industry, is a process as opposed to a system. During periods of intense market activity, mortgage fraud is more common. That goes for both borrower fraud and lender fraud. No one wants a repeat of 2008, when questionable practices and outright fraud nearly brought down the entire mortgage system. Therefore, prosecutors are very diligent in this area.
In this legal environment, you need an equally watchful Orlando mortgage fraud lawyer from the O’Mara Law Group on your side. We pay close attention to the details of your case, because effective legal defenses often lurk in the details of an allegedly fraudulent transaction. Once we identify a weak point, we leverage that weakness to obtain a positive result for our clients. That positive result could be a complete dismissal of charges, a plea to a lesser-included offense, or a not guilty verdict at trial.
Types of Mortgage Fraud
As mentioned, mortgage fraud cases could involve provider or borrower wrongdoing. The provider could be a mortgage bank which charges illegal fees or an unfairly-high interest rate. Broker fraud is quite common as well. Most mortgage brokers work on a commission fee basis. The more borrowers they sign up, the more money they make. And, many laws are rather vague about what brokers can and cannot say to potential borrowers in these cases.
Most of the cases our Orlando mortgage fraud lawyers handle involve borrower fraud. There are basically two types of borrower fraud:
- Fraud for profit, or using insider knowledge to steal equity or cash from homeowners or institutions, and
- Fraud for housing, or making false statements on application and other official documents in order to obtain a loan.
Mortgage fraud can happen during any point of the process, such as loan origination, loan refinancing, or loan modification.
At any point, fraud is basically a material misstatement made with the intent to deprive an institution or person of property or services. Prosecutors all these elements, including both the intent to lie and the intent to steal, beyond any reasonable doubt.
How an Orlando Mortgage Fraud Lawyer Can Help
No defense attorney can possibly match the cast resources that government prosecutors have in these cases. But what defense lawyers lack in resources, they make up in commitment to the client and the legal advice they give.
Prosecutors only care about convictions. Despite what they say in court, they care very little about justice or fairness. But these things are what fuel defense attorneys. In addition to these concepts, our professional team is also committed to upholding your legal rights. We never stop fighting for them, because the government never stops trying to restrict them.
Zealous advocacy is only part of the picture. We also keep our clients informed about important developments in their cases, and we always review the implications of these developments with you. So, you are never in the dark and you can make the best possible choices for you and your family.
In support of these things, we regularly partner with forensic accountants and other professionals who bolster your legal position and vastly improve the chances for one of the aforementioned successful outcomes.
Connect with a Dedicated Orange County Lawyer
Fraud accusations do not necessarily lead to fraud convictions. For a confidential consultation with an experienced mortgage fraud attorney in Orlando, contact the O’Mara Law Group, Attorneys at Law. We routinely handle matters throughout the Sunshine State.