When a person creates a fake rental

Asked almost 2 years ago - Mount Vernon, NY

If a person needs a mortgage , and creates a fake rental application to show the bank their old home is going to be rented ;but really is not; is that right?

Attorney answers (5)

  1. Adam Elliot Karhu

    Contributor Level 5

    6

    Lawyers agree

    Answered . It's called mortgage fraud and it is punishable by up to 30 years in federal prison, $1,000,000.00 fine or both.

    This information is given as a courtesy and does not create an attorney-client relationship in any way. Any advice... more
  2. Steven Warren Smollens

    Contributor Level 20

    6

    Lawyers agree

    Answered . Dear creates a fake for a mortgage?

    If you committed this crime do not advertise on AVVO. Your question suggests that you are in need of a successful criminal defense attorney.

    The answer provided to you is in the nature of general information. The general proposition being that you should... more
  3. Michael T Millar

    Pro

    Contributor Level 19

    6

    Lawyers agree

    Answered . If the mortgage lender is a federally insured institution, it is federal crime to lie on a mortgage application. Even in a private mortgage situation, it would still be fraud and might subject the borrower to both criminal and civil liability.

    If this answer was helpful, please mark it as helpful or as a best answer. This answer is for general education... more
  4. Eric Edward Rothstein

    Contributor Level 20

    6

    Lawyers agree

    Answered . It is a crime.

    I am a former federal and State prosecutor and now handle criminal defense and personal injury/civil rights cases.... more
  5. Anthony A. Ferrante

    Pro

    Contributor Level 15

    4

    Lawyers agree

    Answered . It seems to me that both the person creating the fake lease and the person posting this question had a good feeling the act is illegal. As suggested it is best if you do not post questions regarding these matters in an open forum such as this.

    The aforementioned opinion does not constitute legal advice and is for general informational purposes only. See an... more

Can't find what you're looking for? Ask a Lawyer

Get free answers from experienced attorneys.

 

Ask now

27,758 answers this week

3,418 attorneys answering

Ask a Lawyer

Get answers from top-rated lawyers.

  • It's FREE
  • It's easy
  • It's anonymous

27,758 answers this week

3,418 attorneys answering