Real Estate Fraud
At Logue Law Group, our Washington PA criminal attorneys understand the gravity of real estate fraud cases and are here to assist you throughout your legal journey. Real estate fraud involves deceptive practices in transactions aimed at gaining financial advantage through false representations.
Our team of Washington real estate fraud lawyers is equipped to handle various situations, including:
- Using straw buyers
- Identity theft for obtaining loans
- Title transfer to inflate property value
- Selling or leasing properties without ownership rights
- Selling investments secured by unrecorded deeds
- Predatory lending practices
- Falsified income or wage documentation for securing loans
- Acquiring loans with false information
- Foreclosure schemes
While real estate fraud typically involves investors, appraisers, and brokers, homeowners can also face charges in certain cases. If you find yourself accused of real estate fraud, our Washington PA DUI attorneys are here to help.
What is Real Estate Fraud?
Real estate fraud has become increasingly prevalent since the housing downturn in the late 2000s. The federal government has intensified its investigations and prosecutions in these cases. Federal real estate fraud encompasses any misrepresentation in a real estate transaction with the intent to defraud banks or deceive individuals.
Here are some common real estate fraud schemes:
- Equity skimming
- Mortgage fraud using stolen or fabricated identities
- Illegal property flipping
- Predatory lending practices
- Straw buyer schemes, wherein an individual’s credit and identity are used to obtain financing, with possession transferred to another individual after closing.
Scammers deliberately target individuals who are facing foreclosure, employing deceptive tactics to exploit their vulnerability. It’s crucial to be aware of common schemes that are designed to take advantage of homeowners in these difficult situations. Here are a few examples:
Foreclosure prevention schemes: These organizations dishonestly claim that they can prevent foreclosure and charge exorbitant fees without providing any meaningful assistance.
Phony mortgage counseling: Homeowners are tricked into paying hefty fees for simple tasks that they could easily handle on their own, leading to unnecessary financial burden.
Rent-to-buy scheme: Homeowners are coerced into surrendering their property’s title in exchange for the opportunity to continue living there, paying rent, and repurchasing the house later on. In reality, the terms of these agreements are often unaffordable and result in the loss of the property for the homeowner while the organization profits.
What Will be the Penalty?
It’s important to note that involvement in such fraud schemes can result in imprisonment. Federal prosecutors may pursue additional charges related to wire and mail fraud, as many transactions involve communication through email or FedEx. Charges of money laundering or bank fraud may also be included.
Ways in Which a Washington Real Estate Fraud Attorney Can Help
If you find yourself charged with real estate fraud, it is crucial to have an experienced attorney by your side. Our skilled Washington PA criminal lawyer will assess your case, gather all necessary information, and examine the evidence. We will explain your defense options and guide you towards making the best decision for your situation, working towards achieving the most favorable outcome.
Don’t delay seeking legal representation – the longer you wait, the more challenging it becomes to successfully defend your case. Contact us online or call 844.PITT.DUI to schedule a free initial consultation with an experienced Washington PA DUI lawyer in Washington.
Take action today and protect your rights!
Free ConsultationYou will never find us short of knowledge & commitment
while handling your case.