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Mortgage and Real Estate - Mortgage And Real Estate Fraud
by jenniferobodo on Jun 12, 2011
Pursuant to the real estate market crash of 2007, government officials and agencies across the nation have been facing enormous political pressure to bring to justice those responsible. While there were a great many lenders, real estate investors and mortgage brokers involved in deceptive practices, there are also homebuyers and investors who borrowed money to buy homes in good faith, but who have also been targeted by law enforcement agencies and prosecutors.
The number of prosecutions for mortgage fraud is on an uptrend. According the Justice Department’s Transactional Records Access Clearing House, there were three times as many prosecutions in 2010 than there were in 2008—with parts of Florida leading the nation. Inevitably, this type of aggressive prosecution can lead to the indictment of individuals who have been either mislead by a more culpable professional, or are completely innocent of wrongdoing.
Mortgage fraud and real estate fraud are often...Read More >>
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