Real Estate Fraud Lawyer in Los Angeles
In recent years, the country has seen a rise in mortgage fraud and real estate fraud. As a result, the federal government has become active in investigating and prosecuting alleged mortgage fraud schemes involving investors, brokers and straw buyers. Because the consequences of conviction are so severe, it is critical to hire an experienced defense team who can provide you with proper representation in mortgage fraud or real estate fraud cases.
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If you are accused or suspected of Real Estate Fraud, call us at (800) 458-1488 immediately!
Mortgage fraud/real estate fraud involves schemes to defraud a federally insured lending institution (a bank). There are various mortgage fraud schemes, ranging from silent second schemes and foreclosure schemes to schemes involving inflated appraisals and air loans. Most mortgage fraud or real estate fraud cases involve one of the following:
- Nominee/straw buyer loans to purchase property: A straw buyer is used to purchase property for an investor who may not otherwise have qualified for the loan due to multiple other property loans. While the investor had the intention to resell the property within months for profit, the sudden drop in the market causes the investor to default and get caught in the property flipping scheme. While the property flipping scheme had legitimate and legal intentions, the investor faces fraud charges for the deception used to purchase the real estate.
- Inflated appraisals: Straw buyers are used to purchase property on behalf of an investor. The property is sold and repurchased several times, each time at a higher price through the use of corrupt appraisers, title companies and other individuals. Proceeds are often pocketed by the investor, appraiser, broker or other interested party.
Mortgage fraud and real estate fraud charges are very serious. Defendants may be prosecuted not only on the actual loss caused by the mortgage fraud scheme, but also on the intended loss. While prosecutors use every tactic available to inflate the intended loss in federal mortgage fraud cases, the Los Angeles criminal lawyers at CDI have the experience to effectively challenge the valuations and minimize the intended loss, thus reducing the potential consequences the clients face.
Contact Our Los Angeles Real Estate Fraud Defense Attorneys For Help!
First and foremost, you need an attorney with extensive experience in the federal criminal system. Ideally, your attorney should focus exclusively on federal criminal defense.
Second, you need a defense team, not just a single attorney. Your team needs to be thorough, fast and responsive. The feds almost always have a head start against you in case preparation, so your team needs to catch up quickly to level the playing field.
The best time to get a defense team is when you first learn that you are under investigation. Even if the investigation is centered around someone else, if federal agents are talking to you, you need expert counsel immediately.
If charges have not yet been filed, our first goal is to prevent charges from being filed. We have a variety of specific techniques we use to accomplish this.
If charges are filed against you in federal court, it is critical that you have a defense team, not just an individual lawyer. Your defense team must have extensive trial experience in the federal court system. The federal courts are quite different from state courts not only in their procedures but also in the defense strategies and potential punishments.
If you have been charged with
real estate fraud in California,
The next move you
make is crucial
If you've been accused of a crime, but NOT formally charged yet, call us immediately.
LET US HELP PREVENT CHARGES FROM EVER BEING FILED.
CALL (800) 458-1488