attorney who represenred victim in real estate fraud

Do I need a lawyer for real estate fraud?

Real estate fraud lawyers represent those people who were taken advantage of. Attorneys help victims of real estate fraud get back the financial damages they have suffered as a result of fraud. They help victims file a real estate fraud lawsuit and take care of the complications that come up while determining if fraud has occurred.

What is real estate fraud?

May 05, 2021 · The crime of real estate fraud may be charged as a misdemeanor or a felony, depending upon the severity of the crime and the law of the state in which the fraud is committed. A misdemeanor is punishable by up to a year in prison, and/or monetary fines. A felony is punishable by a prison sentence of one year or more, as well as payment of a more ...

Can a buyer Make a fraudulent statement to a lender?

Jun 07, 2017 · Our real estate fraud attorneys handle cases of nondisclosure of defects and fraudulent sale of lands or conversion of property. Contact us or call 602-277-4441 to speak to a real estate fraud lawyer at Platt & Westby, P.C., for experienced legal advice and representation. We are committed to prosecuting cases of real estate and mortgage fraud to the fullest extent.

What is Appraisal fraud and how to avoid it?

The real estate fraud lawyers at Wagenseller Law Firm have been successful in fighting a number of real estate fraud cases and can help you with your lawsuit. Real estate fraud lawsuits must allege certain elements, namely: (1) A misrepresentation (a false representation, concealment, or nondisclosure), (2) Knowledge of falsity,

What is real estate fraud?

The crime of real estate fraud occurs when one person in a real estate transaction makes false representations of relevant information to another person in the transaction. Or, the person may fail to disclose relevant information to the other. The other person then acts on the false information or omission to their financial detriment.

What is buyer fraud?

Providing an income figure that is higher than the buyer’s actual income; Falsely representing the amount of debt or the kinds of debts the borrower owes to creditors creditors; and. Giving the lender false paycheck stubs or statements, or false tax statements . Additional types of buyer fraud include:

How long is a felony in prison?

A felony is punishable by a prison sentence of one year or more, as well as payment of a more substantial fine. Real estate fraud can also be charged as a federal crime by federal authorities in some circumstances.

How long does it take to file a fraud case?

In most states, fraud charges must be brought within one to five years after the crime occurred.

Can a seller commit fraud?

Sellers can commit real estate fraud at any point in the process of selling property. If a seller intentionally misrepresents a fact or fails to disclose known facts that are relevant to a buyer about the seller’s house, and the buyer relies on the misrepresentation or omission, then the seller has committed fraud.

What is silent second mortgage?

Using a “Silent Second”: In this type of real estate fraud, the buyer is unable to afford the down payment that must be paid when buying a home. Without the lender’s knowledge or approval, a buyer might get a second mortgage from a different lender to finance the down payment.

What is appraisal fraud?

Lenders and real estate brokers commit a type of fraud known as appraisal fraud. Mortgage loan officers as well as real estate brokers and agents are paid a commission for their work. This means that they receive a percentage of the price for which a home sells.

What is real estate fraud?

Real estate fraud is any illegal activity done with the intent of misrepresenting information in any real estate related documents that involves the transfer of money. According to the U.S. Internal Revenue Service (IRS), there are some common types of real estate fraud:

What are the defects in a title?

We represent homeowners, buyers and tenants in real estate fraud claims arising when a homeowner or tenant becomes aware of undisclosed defects in the property or title, such as: 1 Undisclosed property defects: such as undisclosed water leaks, mold, foundation problems, defective construction and other property defects 2 Title defects: such as prior liens, underlying foreclosed mortgages, easements and other problems with the title

What is Platt and Westby?

Our lawyers at Platt & Westby, P.C., are experienced litigators who know their way around a courtroom. Our real estate attorneys also possess unique understanding of business functions and real estate investment. This combination of knowledge and skills equip our law firm to provide effective representation to homeowners who have fallen victim to real estate fraud.

What is real estate fraud?

Real estate fraud occurs when a person knowingly misrepresents the facts in order to take advantage of another individual. Real estate fraud can happen at any point during the transaction process.

Is real estate fraud illegal?

Real estate fraud is more than unfair and dishonest, it is illegal. Let McFarlin, LLP represent your case to ensure that you achieve the best possible outcome. In some situations, fraud victims are eligible for financial compensation for the losses they have suffered.

Can a foreclosure fraud victim sign over the title?

Victims of foreclosure fraud may be misled into signing over the title to their home to a supposed foreclosure consultant who promises to rent the property back to owner.

Is real estate complicated?

In general, real estate matters can be highly complicated, making it even easier for creative and dishonest individuals to take advantage of others and cover their tracks. In fact, many victims do not even realize that they have been cheated out of thousands or even millions of dollars until years later.