Chicago Mortgage Fraud Attorneys

Effective Defense Against Serious Allegations

As the economy experienced a downturn in recent years, real estate fraud and mortgage fraud have become a serious problem. Because of this, the federal government has taken a more active role in investigating and prosecuting those involved in mortgage fraud. If you are facing charges of real estate fraud, you should seek the advice of an experienced attorney who knows how to handle these complex cases.

Chicago mortgage fraud lawyer James Marcus has more than 30 years of experience handling difficult criminal cases. He is a former federal prosecutor, giving him insight into the tactics the opposition will use to try to convict you. Whether your case is in federal or state court, attorney Marcus will aggressively defend your rights and freedoms.

To schedule a free consultation to discuss mortgage fraud or any other white collar criminal defense needs, call 312-443-5600 or contact us online.

Common Mortgage Fraud Scenarios

Mortgage fraud is essentially a scheme to defraud a bank or other federally insured financial institution. Any false statement involving a mortgage in order to profit may be considered mortgage fraud. Some of the most common mortgage fraud/real estate fraud cases include:

• Loans made on fictitious properties
• Inflated values: An investor uses "flippers" or "straw buyers" to purchase property. The property is then sold and repurchased multiple times, at ever-increasing prices, through the use of appraisers, title companies and others who are in on the scheme. When the lender figures out what happened, it forecloses on the property.
• Using "straw buyers" to purchase property: An investor has a straw buyer purchase property because the investor himself does not qualify for a loan. The investor has the intention to resell the property for profit within a few months, but the market changes and the investor defaults. While it was legitimate to intend to resell the property, there is mortgage fraud because of the deception used to purchase the real estate.

There are many other scenarios that may lead to mortgage fraud charges, and we are prepared to handle them all. When you hire Dziedziak & Marcus, P.C., to handle your defense, you can be confident that your rights will be protected to the fullest possible extent.

Contact an Illinois Federal Criminal Defense Lawyer Today

If you are facing mortgage fraud charges or any other criminal charges, Dziedziak & Marcus is ready to help. To schedule a free initial consultation, please call 312-443-5600 or contact our Chicago law firm online.