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Mortgage Fraud & Bank Fraud

Experienced South Carolina Attorney Defending People Charged with Mortgage and Bank Fraud

 

Obtain assistance from a mortgage fraud lawyer

There are many ways in which people can be accused of mortgage fraud, and often these charges come as a result of error or misleading advice from banks and mortgage companies. Mr. Swerling has more than 40 years of experience representing people charged with fraud in South Carolina. He has a reputation for doing everything it takes to obtain a positive result for his clients, including drawing on some of the top consultants and experts available to obtain the necessary evidence to succeed in your case.

What is mortgage fraud?

Mortgage fraud refers to obtaining loans from banks or mortgage agencies by concealing information about the property. In these cases, the defendant is typically the person seeking the loan, and the plaintiff is the lender, agency or insurer. Defendants must seek representation from a federal defense attorney to effectively fight for their rights.

What are some common types of mortgage fraud?

Mortgage fraud generally falls into one of two categories: fraud for profit, in which the offender tries to claim the property is worth more than it is, and fraud for housing, in which the offender commits fraud to maintain or acquire property ownership. Within these areas, there is a variety of more specific mortgage fraud types, including:

  • Illegal property flips: The property is purchased, falsely appraised at a much higher value and then sold quickly for profit.
  • Air loans: In these mortgage loans, there is no underlying security, which means that lenders have no collateral.
  • Foreclosure schemes: In a foreclosure scheme, the alleged perpetrator misleads the homeowner into believing that for the price of the property’s deed and other fees, the perpetrator can save the property.
  • Backward applications: In this case, a borrower customizes his or her income so that it fits the criteria of the loan.

There are many other specific types of mortgage fraud schemes, each of which has unique defense strategies.

Contact a bank fraud lawyer for representation today

To learn more about defending yourself from charges of mortgage fraud, wire fraud and other South Carolina white-collar crimes, contact the office of Jack B. Swerling Attorney at Law. To schedule a free initial consultation, call 800-701-0599 or contact the firm online. Attorney Swerling serves clients all across South Carolina for a wide range of fraud and criminal defense matters.

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  • Columbia Office
    1720 Main Street
    Suite 301
    Columbia, South Carolina 29201-2850
    Phone: 800-701-0599
    Fax: 803-799-4059