MORTGAGE FRAUD
Mortgage fraud/real estate fraud involves schemes to defraud a federally insured lending institution (a bank). There are various mortgage fraud schemes, ranging from silent second schemes and foreclosure schemes to schemes involving inflated appraisals and air loans. Most mortgage fraud or real estate fraud cases involve one of the following:
- Mortgage fraud includes
- Providing inaccurate information on the mortgage loan application
- Falsifying employment verification letters
- Inaccurate financial information – such as the buyer’s assets
- Fraudulent W-2 forms
