{"id":10408,"date":"2023-08-22T04:33:07","date_gmt":"2023-08-22T11:33:07","guid":{"rendered":"https:\/\/strongestdefense.com\/?page_id=10408"},"modified":"2023-09-18T06:07:18","modified_gmt":"2023-09-18T13:07:18","slug":"mortgage-fraud","status":"publish","type":"page","link":"https:\/\/strongestdefense.com\/mortgage-fraud\/","title":{"rendered":"Mortgage Fraud Attorney Ventura Ca"},"content":{"rendered":"

What if safeguarding yourself from mortgage fraud in Ventura, CA, was a call away?<\/span><\/h2>\n

What if you’re accused of <\/span>mortgage fraud allegation<\/span><\/a> in Ventura, CA? These scenarios might be scary and bewildering. You may require a Mortgage Fraud Attorney Ventura CA to untangle the knot.<\/span><\/p>\n

We at Strongest Defense operate with a guiding principle – commitment to knowledge and understanding. Our legal team’s mortgage fraud experience and deep understanding of Ventura and California law uniquely position us to provide our clients with the fighting chance they need.<\/span><\/p>\n

Mortgage fraud law doesn’t have to be confusing. In this fight, you’re not alone, and our team can help you find the best path. Contact our law firm today and let us stand beside you on your journey towards resolution.<\/span><\/p>\n

What is Mortgage Fraud?<\/b><\/h2>\n

Mortgage fraud, often known as real estate fraud, is a crime under <\/span>penal code 532f pc<\/span><\/a>. Creditors, borrowers, and others involved in mortgage origination must comply with this regulation. Importantly, mortgage fraud includes commercial and other credit agreements as well as residential loans.<\/span><\/p>\n

Mortgage fraud is prohibited independently of disclosure requirements for borrowers and lenders when a real estate licensee facilitates or negotiates a loan. These standards complement real estate licensees’ obligations of honesty, disclosure, and fair dealing.<\/span><\/p>\n

Understanding the legal bounds of mortgage fraud helps real estate transactions stay lawful and preserve the mortgage origination process.<\/span><\/p>\n

Understanding the Specifics of Mortgage Fraud<\/b><\/h2>\n

Mortgage fraud is a serious offense. Here are some actions that, if done intentionally to deceive, are deemed fraudulent:<\/span><\/p>\n

Misrepresentation or Omission in the Mortgage Lending Process<\/b><\/h3>\n

Any person who knowingly provides false information, misrepresents, or deliberately leaves out crucial details during the mortgage lending process with the intent that a mortgage lender, borrower, or other party relies on the inaccurate information commits mortgage fraud.<\/span><\/p>\n

Facilitating Use of False Information<\/b><\/h3>\n

A mortgage applicant who willfully uses or allows another to utilize false information, misrepresentation, or omission, knowing it to be false, is also culpable. When designed to mislead a mortgage lender, borrower, or other person in the mortgage lending process.<\/span><\/p>\n

Proceeds from Fraudulent Actions<\/b><\/h3>\n

Mortgage fraud occurs when a person accepts mortgage loan closing money knowing it came from fraudulent conduct.<\/span><\/p>\n

False Documentation<\/b><\/h3>\n

Mortgage fraud includes providing or causing to be submitted to the county recorder false mortgage transaction documents that the individual knows contain willful deception or omission.<\/span><\/p>\n

Understanding mortgage fraud helps everyone involved in mortgage lending protect themselves and ensure legal transactions.<\/span><\/p>\n

Common Offenses Linked to Mortgage Fraud<\/b><\/h2>\n

Various types of offenses may be associated with a case of mortgage fraud in California, including:<\/span><\/p>\n

Grand Theft (California Penal Code 487)<\/b><\/h3>\n

This general statute is often used to prosecute mortgage and real estate fraud. Mortgage fraud violates <\/span>PC 487<\/span><\/a> by committing ‘theft by false pretenses’ by making false representations or promises about a real estate property. Lying about property ownership or hiding faults are examples.<\/span><\/p>\n

Filing Forged Documents (California Penal Code 115 PC)<\/b><\/h3>\n

This law involves forgery, theft, and falsification of documents. It is often used in California mortgage fraud cases.<\/span><\/p>\n

PC 115 prohibits filing a forged deed with the county recorder to deceive the government about real estate ownership in a mortgage fraud scenario. This law includes falsification in mortgage loan contracts, real estate sale contracts, disclosure forms, and others.<\/span><\/p>\n

Foreclosure Fraud (Civil Code 2945.4)<\/b><\/h3>\n

Under this rule, illegal foreclosure processes surged during the 2008 economic recession, when many homeowners were at risk of losing their houses.<\/span><\/p>\n

Some businesses allegedly helped homeowners through foreclosure but charged high fees and defrauded needy homeowners.<\/span><\/p>\n

Rent Skimming (Civil Code 890)<\/b><\/h3>\n

This type of mortgage fraud involves the deliberate failure to apply rent payments received on a residential property or the deception of tenants by pretending to be the property’s owner.<\/span><\/p>\n

Predatory Lending Schemes<\/b><\/h3>\n

These are illegal practices by banks and other lenders that exploit individuals seeking mortgage loans.<\/span><\/p>\n

Other Related Offenses<\/b><\/h3>\n

Other types of mortgage fraud and real estate fraud in California include illegal property flipping and straw buyer schemes. Diversion of a construction loan is governed under Penal Code 484b PC.<\/span><\/p>\n

By familiarizing themselves with these common offenses associated with mortgage fraud, individuals can better navigate the complexities of real estate transactions and avoid falling prey to fraudulent practices.<\/span><\/p>\n

What Are Criminal Penalties for a Mortgage Fraud Conviction?<\/b><\/h2>\n

Criminal penalties for mortgage fraud convictions primarily fall within the classification of grand theft. The prosecutor has the discretion to charge a defendant with a misdemeanor or felony.<\/span><\/p>\n

Penalties for Misdemeanor Conviction<\/b><\/h3>\n

If convicted of a misdemeanor related to mortgage fraud, a defendant may face:<\/span><\/p>\n