Diane G Real Estate » Mortgage Fraud http://www.dianeg-realestate.com Hi, I'm Diane and I'll share all my Real Estate knowledge with you... Sun, 11 Apr 2010 01:52:54 +0000 en hourly 1 http://wordpress.org/?v=abc Mortgage Fraud: What Is It? http://www.dianeg-realestate.com/archive/mortgage-fraud-what-is-it/ http://www.dianeg-realestate.com/archive/mortgage-fraud-what-is-it/#comments Fri, 11 Sep 2009 22:00:50 +0000 Heather http://www.dianeg-realestate.com/?p=137 Mortgage FraudWhen you are dealing with Mortgage Fraud – it can be a difficult thing to really wrap your head around.  Personally, I had absolutely no idea what Mortgage Fraud even was until I started writing this blog.  What Mortgage Fraud is, is it is actually a term that is used to describe a broad variety of criminal acts where the person will misrepresent themselves on a mortgage loan.

The reason for this?  Well, it is so that the individual can actually get themselves some property and real estate.  They will lie on the applications for loans and get the loans with no intentions of paying them back.  In federal courts, Mortgage Fraud is actually prosecuted as wire fraud, bank fraud, mail fraud and money laundering.

People who commit Mortgage Fraud can actually get up to thirty years imprisonment – so it is certainly not something to mess around with.

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