Newark, NJ Mortgage Fraud Defense Attorney
There are a variety of crimes that are included in the category of Mortgage Fraud. Among the more common types of conduct that can result in you being charged with this crime, are an ‘occupancy’ statement that you will reside in the premises, the overstatement of income, and claims of employment in a non-existent company.
If you are being investigated or charged with bank or mortgage fraud, consult immediately with a knowledgeable criminal defense specialist before you make any decisions about what to do. Learn what steps need to be taken to protect your freedom and your rights. Contact Howard Bailey at 973-982-1200 for a free consultation.
Defending Mortgage Fraud in New Jersey
This type of crime can be charged simultaneously in both the Federal Courts and the NJ Superior Courts. One of the factors that will determine where the charges will be brought is whether all of the fraudulent activity occurred in the State of NJ, or involved other jurisdictions.
In a recent case, Howard Bailey represented a client who was concerned that other persons had committed fraud that had involved his office, and was afraid that his real estate business would be adversely impacted by what the others had done. He was also concerned that he may have inadvertently gotten involved with the processing of applications that contained misstatements where loans were approved that were questionable. By isolating the loans and not adding to what had occurred, the client was able to develop a strong evidentiary basis to show that if there had been fraud, that neither he nor his company had knowledge of it. No charges were filed against the client.
Real Estate Fraud for Profit
There are many ‘red flags’ that people who are committing this type of crime leave behind for the authorities to notice. Among the mistakes people make are using phony identification that cannot be verified, using multiple addresses as a residential address, using documentation that has different data entered for the same piece of information, and verifications with a date that could not have been accurate. Defending these types of charges requires an attention to the details the State is relying on, and a defense strategy to develop an alternative explanation for why the documents have incorrect information on them.
If you are under investigation or are charged with this type of fraud, consult immediately with an experienced criminal defense lawyer. Call Howard Bailey at 973-982-1200 for a free consultation.