Florida Mortgage Fraud

Owner of Florida Mortgage Company Sentenced to Over 11 Years in Prison for Orchestrating $64 Million Fraud Scheme. Hector Hernandez, 57, of Miami, Florida, the owner and operator of Great Country mortgage bankers (great Country), a mortgage lender in Miami, was sentenced for conspiracy to commit wire fraud affecting a financial institution. He was also ordered to pay $64,508,141 in restitution and to forfeit $8,000,000 in illicit profits.

Police bust mortgage fraud ring Mortgage fraud takes many forms, but a well-organized scam.. Florida, California, Arizona and Nevada are also big mortgage fraud markets.

Mortgage fraud schemes often involve falsification of bank statements and.. An example of a foreclosure rescue scheme involving two Florida residents.

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How Waiting To Get Prequalified Can Backfire In the video below, Florida Mortgage Firm president nate davis talks about how waiting to get prequalified can actually delay your ability to finance a home. Subscribe to Our YouTube Channel Testimonial "My wife and I were renting a house for about eight years and finally got the [.]

Florida law defines the term "knowingly" in the context of a mortgage fraud case to mean that the defendant is aware of the act and is not acting through ignorance, mistake or accident. In a mortgage fraud case in Florida the term "material" is defined to mean a fact a reasonable person would use to decide whether to do or not to do something.

Seventeen Individuals Indicted for Mortgage Fraud Scheme. The defendants conspired to fraudulently obtain mortgage loans for unqualified buyers of units in two condominium projects on the west coast of Florida: Portofino at Largo, also known as Indian Palms, in Largo, Florida; and Bayshore Landing, in Tampa, Florida.

Florida Mortgage Fraud Charges And Penalties + Statute Of Limitations. Mortgage fraud happens when someone intentionally confuses, lies or omits information when they apply for a mortgage. This can be done by lenders and borrowers alike. In Florida, there is a specific statute that covers mortgage fraud.

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