Activity that Might Prompt an Investigation for Arizona Mortgage Fraud

Posted about 3 years ago. Applies to Phoenix, AZ, 1 helpful vote


Law enforcement officers are on the lookout for suspicious property transactions in Arizona. In addition, authorities will almost always try their hardest to prosecute Arizona mortgage fraud offenders to the full extent of the law. Even if a defendant believes that they unknowingly participated in an illegal real estate transaction, the defendant can still face a relentless investigation and severe consequences if convicted.

The use of Inflated Appraisals is one of the most prevalent mortgage fraud trends. In this type of scheme, a straw buyer purchases property on behalf on an investor. Then, the property is sold and repurchased multiple times. Each time the property is sold and repurchased, it is done so at a higher price. In most instances, an appraiser and a borrower will scheme together and provide a misleading appraisal report to the lender that shows an inflated property value. The appraiser and borrower will usually make a profit off of the fraudulent transaction at the lender’s expense.

Prosecutors will sometimes try to inflate the intended loss in a mortgage fraud case. Therefore, it is important for individuals who think that they might be under investigation for mortgage fraud in Arizona to retain a lawyer who can effectively challenge the valuations and reduce the intended loss. At JacksonWhite, our criminal defense team includes a former Maricopa County prosecutor with Arizona mortgage fraud experience. We provide our clients with personalized representation, and will fight relentlessly for their rights in court.

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What Might Prompt a Mortgage Fraud Investigation in Arizona?

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