FBI declares South Carolina a Mortgage Fraud "HOT SPOT"

 The Augusta Chronicle has reported that mortgage fraud cases are extremely abundant in South Carolina. The paper has reported that the Federal Bureau of Inestigation believes South Carolina is a "Hot Spot" for mortgage fraud. Although the article focuses on lawyers involved in closings and the possible ramificatoins of their participation, the central theme is the loss to the entire country for mortgage fraud. Georgia lawyers are not required to supervise every step of a realestate closing. South Carolina attorneys face a serious potential for trouble because they are required to participate in almost every level of a realestate transaction. With this in mind they must be extremely careful when reviewing documents for closings.

This article goes on to address the issue of mortgage brokers and real estate appraisers providing fraudulent documents to the closing attorney. https://askcompetentlawyer.com/fraud/ The attorney cannot be expected to hire an independant appraiser for the property or verify each statement in the loan application. Mortgage fraud almost always involves several people. There is just no way to get the money from the lender without several people agreeing on the fraudulent documentation. Many times the key for the government will be to get one of the codefendants to spill the beans on everyone else and this will lead to many innocent people possibly being indicted. Defending mortgage fraud indictments requires a tremendous amount of time and effort for the defense attorney.

If you are indicted for mortgage fraud, be ready to fight to the end. In the current economic crisis, every dollar you have will be subject to federal seizure if possible. Your freedom and you finances must be preserved in your defense. Our defense attorneys practice in South Carolina, Georgia and Florida. We also travel nationwide on federal indictments.