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What is mortgage fraud?

Mortgage fraud is a broad term that generally refers to any kind of conduct meant to deceive a bank in order to obtain a loan. Some people will falsely state income, lie about whether the particular property in question is a vacation rental or a second home. Sometimes people overstate the appraisal in order to inflate the value of the property. Mortgage fraud when uncovered is vigorously prosecuted by the federal and state authorities. Contact a Board Certified lawyer today if you’ve been accused of mortgage fraud.

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