Blow the whistle on mortgage fraud. Mortgage fraud, or loan fraud, can result from misrepresentations or false statements relating to the property, the loan or insurance for the loan. Often, dishonest mortgage brokers scheme with corrupt appraisers to carry out the fraud.
Federal programs, like the Federal Housing Administration, are often victims of fraudulent schemes when agreeing to insure home mortgages that did not meet governmental qualifications.
The False Claims Act rewards whistleblowers who report mortgage fraud by allowing whistleblowers to receive a percentage of any recovery.
Home buyers who are victims of mortgage fraud can also seek relief under consumer protection laws. In many cases, victims may receive treble damages for unfair and deceptive conduct by mortgage companies.
If you are aware of mortgage fraud, or feel you have been a victim of mortgage fraud, contact Miller Law Group for a free consultation or call 919-348-4361.