what type of attorney for loan frauds

Full Answer

What is loan fraud?

Loan fraud committed by lenders who unlawfully refuse to provide loans in certain parts of the community (redlining of minority communities) or to certain types of lenders based on unlawful characteristics (such as race, sexual orientation or marital status).

What is consumer fraud?

One affects the government, and the other two are forms of consumer fraud: Falsifying loan documents in order to obtain money: this is a fraud committed against lenders, including government backers of loans. Loan fraud committed by lenders who unlawfully refuse to provide loans in certain parts of the community (redlining of minority communities) ...

Who is the best person to report a reverse mortgage scam?

Reverse mortgage scams are reported by homeowners or the heirs of a person who had an unfair reverse mortgage.

Who reports reverse mortgage scams?

Reverse mortgage scams are reported by homeowners or the heirs of a person who had an unfair reverse mortgage. If you are ready to blow the whistle on mortgage fraud, contact The Dolan Law Firm to talk confidentially and at no cost with a lawyer.

Should I Hire a Civil Mortgage Loan Fraud Attorney?

Civil mortgage loan fraud occurs when an applicant for a mortgage loan misrepresents their ability to repay said loan, or when the lending company makes a loan that they can reasonably see the borrower will not be able to repay according to the terms of the loan.

What Do Civil Mortgage Loan Fraud Attorneys Do?

If civil mortgage loan fraud accusations have been brought against you, hire a civil mortgage loan fraud attorney as soon as possible. Even if you work for a company that is hiring representation, it may be a good idea to retain your own counsel as well to protect your own rights above those of your company or employer.

Who Investigates Mortgage Fraud?

The Federal Bureau of Investigation ( FBI) does the lion’s share of the investigative work involving serious mortgage fraud at the federal level. Considered a white-collar crime, investigators prioritize cases with the most consumer impact as well as the highest potential losses. The FBI maintains a most-wanted list of alleged fraudsters at all times, with information distributed publicly.

What Is Mortgage Fraud?

Mortgage fraud covers a broad range of offenses, almost all centering around a material misrepresentation, misstatement or omission of fact in relation to a mortgage loan relied upon by a lender.

How Does The Government Ensure Student Financial Aid Assistance is Properly Spent?

The government’s objective in student financial aid matters is to ensure that financial aid is provided to qualifying students so that they can attend educational institutions which provide legitimate services that further the careers of students.

Educational Institutions and Trade Schools May Have a Financial Incentive to Lie or Engage in Loan Fraud in Order to Secure Funding from the Government

Today, there are thousands of educational institutions and trade schools in the United States, many of which are for-profit. While most of the institutions are reputable, abuse can occur when these institutions provide fraudulent information to the government; often, to cover-up poor performance or the misuse of funds.

Student & Educational Fraud Must Be Stopped. If You Are Aware of Such Fraud, You May Benefit By Scheduling A Free Consultation With An Experienced Student Loan Fraud Lawyer

If you’re aware of educational fraud or student loan-related fraud, as a Washington student loan fraud attorney, I would invite you to call me for a free consult to learn how you may benefit from bringing a fraud case under the False Claims Act.

How to determine if a mortgage lender has committed fraud?

Evaluate your loan history and payments to determine if the lender has committed fraud by miscalculating the mortgage payments.

What to do if you are a victim of mortgage fraud?

If you believe that you are a victim of mortgage fraud, you should immediately call our office and speak with our experienced mortgage fraud lawyer to determine your best options to fight foreclosure. During the consultation, our mortgage fraud attorneys will review the following:

What is foreclosure fraud?

We often find that foreclosure fraud occurs when lenders violate the law by creating unconscionable loan terms. Mortgage litigation empowers the homeowner to take the lender to court. The homeowner can no longer be ignored or strung along until the lender decides to foreclose.

What is predatory mortgage?

Predatory mortgage lending occurs during the origination of the loan. Predatory lending examples are loans with high-interest rates, negative amortization loan structures where the principal balance remains high despite payments made towards it, and loans given to the elderly or foreign speakers who do not understand the terms of the loan. Many more predatory lending examples exist and our mortgage attorney is your best resource for identifying a predatory loan.

What happens if you fall behind on your mortgage payments?

You fell behind on mortgage payments and your lender is giving you misleading information about your options to save your home. You have applied for a loan modification and your lender is sending you foreclosure notices at the same time. Your lender lied to you about stopping foreclosure while you were being reviewed for a modification.

5 Common Types of Mortgage Fraud & How to Detect Them

Learn about the five most common mortgage fraud types, the red flags to detect and prevent them, and how to report them.

What is Mortgage Fraud?

Mortgage fraud refers to an intentional misrepresentation of information required to fund, buy, or insure and mortgage. Along with the FBI, there are a number of professional organizations that monitor and investigate mortgage fraud to whom incidents can be reported.

Types of Mortgage Fraud

While there are a number of different types of mortgage fraud, there are some that are more common, and each has its own red flags for how to detect them.

Reporting Mortgage Fraud

The first step toward reporting mortgage fraud should always be to follow your financial institution’s reporting protocols. If further action should be taken, the Government-Sponsored Enterprises (GSEs), including big names like Fannie Mae and Freddie Mac, all have reporting steps that can be followed, and even hotlines to call.

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