Mortgage fraud
Mortgage fraud is a term used to describe a broad variety of criminal actions where the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender known the truth.
Posted by admin! / Under Mortgage Fraud
Mortgage fraud consists of a wide range of crimes where people deliberately misrepresent the truth or conceal facts on a mortgage application. In federal courts, mortgage fraud is prosecuted as wire fraud, bank fraud, mail fraud and money laundering - with penalties up to 30 years in prison.
Published on Monday 8th of March 2010 07:19:52 PM
Posted by admin! / Under Mortgage Fraud
whocanisue.com blogs about how employment fraud is one method used to perpetrate mortgage fraud.
Published on Monday 8th of March 2010 07:19:52 PM
Posted by admin! / Under Mortgage Fraud
Former Sarasota real estate agent Rich Bobka is a key figure in a federal investigation into one of the largest mortgage fraud cases in Florida history
Published on Monday 8th of March 2010 07:19:52 PM
Posted by admin! / Under Mortgage Fraud
Billionaire property expert and poker pro Achilleas Kallakis was charged with £61 million in commercial mortgage fraud yesterday, March 1, 2010. He defrauded the Allied Irish Bank (AIB) and the Bank of Scotland. The poker player was able to amass himself a large number of properties he oversaw by taking out loans from the two banks...
Published on Monday 8th of March 2010 07:19:52 PM
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