Chicago Mortgage Fraud Defense Attorney

Providing Effective & Personalized Legal Solutions in Illinois

Mortgage fraud typically means intentionally lying, omitting, or confusing important information during the mortgage application and approval process. This complex federal crime involves both mortgage lenders and borrowers, as well as other parties who may benefit from a sale or transaction of a home or building. Since a conviction can result in a long prison sentence and costly fines, having an experienced criminal defense lawyer on your side can help you get the most favorable results in your case.

At The Law Office of Stephen F. Hall, we can protect your rights and freedom throughout the legal process. If you are currently under investigation, our Chicago mortgage fraud defense lawyer can take prompt action to help you avoid being charged. Do not hesitate to let us fight for you immediately.

Contact ustoday and request a free consultation to learn more about our firm.

Federal Mortgage Fraud Laws & Penalties

There are two types of mortage fraud: borrower fraud and professional fraud. These crimes can occur through a single act or multiple actions.

When a person applies for a mortgage to purchase a home, they must submit an application to a lender, providing accurate financial information. Intentionally omitting important information, making incorrect statements, or misrepresenting important information are common examples of borrower fraud.

By contrast, professional mortgage fraud often involves schedule with multiple parties (e.g. real estate agents, mortgage brokers, builders, investment bankers, etc.) to make money from a transaction. “Flipping” is a common example of professional mortgage fraud.

If mortgage fraud involves less than $1,000, it is generally a misdemeanor offense. However, mortgage fraud involving more than $1,000 is a federal crime, punishable by a maximum prison term of 30 years and fines of up to $1 million.

Ready to Help You Immediately

Simply making an honest mistake on your mortgage application or unknowingly being involved in a defrauding scheme do not warrant federal charges. If you end up being charged, we are not afraid to take your case to trial in order to get the best possible outcome.

For more information about our firm, call (312) 757-8204 toda

Contact Attorney Stephen Hall Today

  1. Free Consultations
  2. Former First Deputy County Attorney
  3. Committed & Passionate Defense
  4. Payment Plans Available
  5. Experienced Litigator
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