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720-445-9887Like most other white-collar crimes, mortgage fraud claims are often subject to lengthy investigations before a person is actually indicted on a charge or actually charged. Should you find yourself subject to any such investigation, it’s important you get in touch with a mortgage fraud lawyer experienced in this practice area to help you with your case.
Mortgage fraud can affect every level of the real estate market—from individual buyers to lenders, brokers, and real estate professionals. Just like with other types of financial fraud, both individuals and institutions can be under investigation or charged for fraudulent activity related to mortgages.
There are two primary classifications of mortgage fraud: fraud for housing and fraud for profit.
These are defined as:
This occurs when a borrower misrepresents or omits key information on a loan application to qualify for a mortgage. For instance, exaggerating income, failing to disclose debt, or misrepresenting employment history. While the intent is often simply to secure a home loan, these acts are considered illegal. Consulting a mortgage fraud defense attorney in Denver early in the process can help protect your rights and guide you through potential legal complications.
This is typically committed by industry professionals—such as appraisers, loan officers, or real estate agents—who manipulate the lending process for personal financial gain. This could include inflating property values, falsifying loan documents, or creating fictitious buyers. These cases are often part of larger schemes and can carry serious criminal penalties.
Contact the Law Office of Kevin Cahill for experienced legal guidance if you’re facing investigation or charges related to mortgage fraud. Call 720-445-9887 today.
According to the FBI, mortgage fraud costs the U.S. billions of dollars annually. While the overall number of loans has declined in recent years, fraud schemes have become more complex, involving everything from straw buyers to identity theft.
If you are being investigated, it’s important to remember that these investigations are often lengthy and detailed. Authorities are highly motivated to pursue mortgage fraud cases and will continue probing until they have sufficient evidence to press charges—or until it’s proven no wrongdoing occurred.
Under Colorado law, mortgage fraud may be charged under various criminal statutes, including forgery, theft, conspiracy, and securities fraud. Depending on the amount of money involved and the nature of the alleged scheme, charges can range from misdemeanors to Class 3 felonies, which carry prison terms of up to 12 years and fines of up to $750,000.
At the federal level, mortgage fraud charges are often brought under statutes such as bank fraud (18 U.S.C. § 1344) or wire fraud (18 U.S.C. § 1343)—both of which can result in up to 30 years in federal prison and fines up to $1 million if the offense affects a financial institution.
You may have received a call from a loan officer, federal investigator, or compliance auditor asking for information about a recent mortgage transaction. At first, this might seem routine—especially if you believe you’ve done nothing wrong.
However, these inquiries could be part of a broader investigation with the potential to lead to criminal charges. If you’ve been approached or questioned, contact a Denver mortgage fraud lawyer immediately. An experienced attorney can intervene early, protect your rights, and work to prevent the matter from escalating.
If you’ve recently discovered that you’re being investigated for mortgage fraud, don’t assume that innocence is enough to protect you. Investigators may interpret seemingly harmless mistakes or omissions as intentional fraud. And once charges are filed, the penalties can be life-altering.
Contact the Denver mortgage fraud attorney at The Law Offices of Kevin Cahill today to ensure you have experienced legal representation on your side.
If you are under investigation or believe you may be charged soon, call 720-445-9887 today for a free and confidential consultation.
Denver Defense Lawyer Kevin Cahill never assumes that your case is a lost cause. He is a confident and fearless litigator who refuses to back down when he is fighting to protect the rights of his clients. Regardless of whether you are facing a felony or a misdemeanor, it is vital that you take the charges seriously and seek out legal representation as soon as possible so you can start building your defense.