Mortgage fraud encompasses a range of deceptive practices linked to securing a mortgage or loan. This can include misrepresenting income, assets, property value, or other critical information to obtain financing that would otherwise be inaccessible. Georgia law takes this crime seriously, and a mortgage fraud conviction can carry hefty penalties. Contact an Atlanta mortgage fraud attorney for experienced and dedicated representation.
If you are charged with mortgage fraud in Atlanta, trust Wallack Law to protect your rights and reputation. Our Atlanta mortgage fraud lawyer will leverage their extensive knowledge and experience to build a robust defense on your behalf and guide you through the legal process. Don’t face these charges alone—schedule a free case consultation today to learn how we can help.
Mortgage fraud refers to the act of securing a residential mortgage through deceitful means and is considered a white collar crime in Atlanta. This fraud can happen during any stage of the mortgage procedure, from the initial application and negotiation of terms to the final signing, closing, and funding of the loan. Any false or omitted information on a loan application, appraisal report, or any other document provided to an underwriter or lender could lead to a mortgage fraud charge.
The penalties for committing mortgage fraud are severe: up to 10 years in prison and up to $5,000 in fines. Moreover, the Georgia RICO statute classifies residential mortgage fraud as racketeering activity. A breach of this statute is a felony that can result in a sentence of five to 20 years in prison, plus a fine that is either $25,000 or three times the illicit gains from the fraud—whichever is higher.
Mortgage fraud is a serious offense, but various defenses can be employed to challenge these allegations. The Atlanta mortgage fraud attorney at Wallack Law is well-versed in these strategies and can assist you in crafting the strongest defense possible, tailored to the unique circumstances of your case.
Some of these defenses include:
If you’re facing allegations of mortgage fraud in Atlanta, it’s essential to act swiftly. In these situations, trust Wallack Law to safeguard your rights and reputation. Contact us today at (404) 919-4411 to discuss your next steps with an Atlanta mortgage fraud attorney.