From foreclosure frauds to sub-prime shenanigans, mortgage fraud is a crime threat that has hurt homeowners, businesses, and the national economy.
What Constitutes Mortgage Loan Fraud
The FBI defines mortgage fraud as “any material misstatement, misrepresentation or omission relied upon by an underwriter or lender to fund, purchase or insure a loan.”
Mortgage fraud may include, but is not limited to:
- Property flipping
- False and inaccurate appraisals
- Equity skimming
- Application fraud
- Credit or income misrepresentation
- Asset and down payment misrepresentation
Sage has investigated mortgage fraud matters for mortgage companies and private mortgage insurance companies. We find and interview the mortgagees for the mortgage companies to determine what cause them to stop making payments and we allow the mortgage company an opportunity to make a final decision about foreclosure or to enter into a modification agreement.
Sage has assisted in the debriefing of a client /subject to the FBI and IRS in a mortgage fraud conspiracy where the subject has agreed to cooperate with the government. The subject generally walks a tight rope in this situation and must be prepared to debrief fully and tell the truth and all the deep dark secrets. Sage employs it skill, knowledge, experience, education and training to assist in the debrief to benefit the client.
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