Queens Mortgage Fraud Lawyer

Queens Mortgage Fraud Attorney

Facing mortgage fraud charges can feel overwhelming. You might be confused, scared, or unsure of what to do next. That’s where a Queens mortgage fraud lawyer from The Vitaliano Law Firm comes in. They understand the laws regarding real estate and lending and know how to build a strong defense. Whether you’re accused of giving false information, using fake documents, or being involved in a larger scheme, a defense lawyer can help protect your rights.

A dedicated lawyer from The Vitaliano Law Firm can examine all of the facts, help you understand your legal options, and guide you through every step of the process. They can also speak on your behalf to investigators or in court, which can take a lot of pressure off of you. You don’t have to face this alone. With the right lawyer by your side, you’ll have someone fighting to make sure your voice is heard and your future is protected.

Common Types of Mortgage Fraud

With 58 reported cases of mortgage fraud in 2021, it’s clear that this crime is a concern in the real estate market. Several common types of mortgage fraud can affect both lenders and borrowers, including the following:

• Income Fraud. This happens when a borrower inflates their income to qualify for a loan they cannot afford. This could include submitting fake pay stubs or misleading bank statements.
• Appraisal Fraud. In appraisal fraud, the value of a property is intentionally overstated to secure a larger loan. Borrowers may collude with appraisers to inflate the property’s worth, leading to a loan that exceeds its true market value.
• Occupancy Fraud. Borrowers may lie about their intent to live on the property. Lenders often offer better rates for owner-occupied homes, so some borrowers falsely claim they will live on the property to secure more favorable loan terms.
• Foreclosure Rescue Fraud. Scammers may prey on homeowners facing foreclosure by promising to help them avoid it in exchange for a fee. In these cases, the homeowner may end up losing their property or paying for services that never materialize.

These types of fraud can have serious legal and financial consequences. Being aware of them is the first step in protecting yourself and avoiding involvement in mortgage fraud.

How a Mortgage Fraud Lawyer Can Help

A mortgage fraud defense lawyer can play a crucial role in protecting your rights if you’re facing charges. They have the experience to guide you through the complex legal process, offering clear and honest advice. A seasoned mortgage fraud lawyer has a thorough understanding of the details of real estate law and mortgage lending, which is essential when challenging fraud accusations.

A defense lawyer can thoroughly review all documents and evidence related to your case. They can identify any mistakes, weaknesses, or inconsistencies in the prosecution’s claims. If there is a lack of evidence or if the charges are based on misunderstandings, your lawyer can point that out, potentially reducing or dismissing the charges.

In some cases, a mortgage fraud defense lawyer may argue that there was no intent to deceive, which is a key element in fraud cases. They can also use defenses like duress, showing that you were pressured into committing fraud. If necessary, your lawyer can represent you in court, ensuring that your side of the story is heard. In Queens, this may be at the Queens Criminal Court on Queens Boulevard near Hoover Avenue & 82nd Avenue.

With the right legal representation, a mortgage fraud defense lawyer can help minimize the consequences of the charges, providing a much-needed sense of security during a challenging time.

FAQs

What Is Considered Mortgage Fraud?

Mortgage fraud happens when someone lies or hides the truth to get a home loan or better loan terms. This can mean using fake documents, inflating your income, or saying you will live in the home when you won’t. It also includes working with others to trick a lender. Even small lies on a loan application can count. If it’s done intentionally to mislead a lender, it is likely mortgage fraud and could lead to serious legal trouble.

What Are Common Defenses Used in Mortgage Fraud Cases?

Common defenses in mortgage fraud cases include saying there was no intent to commit fraud. You might have made an honest mistake or misunderstood the paperwork. Another defense is the lack of evidence. If the government cannot prove you meant to deceive, the case may not hold up. Sometimes, people are pressured by others to go along with fraud. In that case, a defense like duress could apply.

What Kind of Lawyer Do I Need to Sue a Mortgage Company?

You’ll need a lawyer who handles real estate or mortgage fraud cases. These lawyers understand the laws regarding loans, contracts, and lenders. If the issue involves fraud, you will want one with experience in consumer protection or financial fraud. They can help you with legal claims for reasons such as false promises, illegal fees, or bad loan terms. It is important to ensure your lawyer is skilled in both real estate law and litigation.

How Long Does a Mortgage Fraud Investigation Take?

A mortgage fraud investigation can take weeks, months, or even years. It depends on how complex the case is and how many people are involved. If it is a simple case, it might move faster. If there are a lot of documents or money involved, it will generally take longer.

How Expensive Is a Mortgage Fraud Lawyer?

The cost of a mortgage fraud lawyer depends on your case and the lawyer’s experience. Some charge hourly, while others may offer a flat fee. Cases that are more complex or go to trial will usually cost more. Even though hiring a lawyer is an expense, it is an important investment if you are facing serious charges.

Speak With a Trusted Mortgage Fraud Lawyer Today

If you are facing mortgage fraud charges, having the right lawyer can make all the difference. A skilled defense lawyer not only protects your rights but also helps you understand what to expect. They can find weaknesses in the case against you and work toward an ideal outcome. Don’t wait to get the help you need. Schedule an initial consultation with a mortgage fraud lawyer from The Vitaliano Law Firm today.