Los Angeles Mortgage Fraud Lawyer
Both lenders and borrowers may be victims of mortgage fraud. At the Law Offices of Kenny Tan, we are readily able to handle mortgage fraud litigation on behalf of borrowers and lenders throughout the greater Los Angeles Area. Contact us to schedule a consultation.
Where does mortgage fraud come from?
The source of mortgage fraud is sometimes a real estate agent who promises sellers to sell the house within 180 days or buy it at a guaranteed price. Sellers who accept such an offer may be more likely to agree to have their home listed through that particular real estate agent.
Dual representation = incentive to commit mortgage fraud
The real estate agent, in turn, enters into agreements with buyers who have good credit scores but insufficient cash on hand. The real estate agents pledge to help with the purchase in an under-the-table equity sharing scheme. The buyer, eager to own a home, agrees, setting the stage for the real estate agent to earn a commission when the deal closes.
Are you in foreclosure because of an equity-sharing scheme gone sour?
When the agent has dual ties with both seller and buyer and the lender is also misled, circumstances are ripe for mortgage fraud in equity-sharing schemes. When the real estate agent is unable to keep up with pledged "equity-sharing" payments, the buyer is left responsible and facing possible foreclosure.
If you are at risk of foreclosure and suspect mortgage fraud on the part of your real estate agent, broker or any other party to the real estate purchase, you are strongly encouraged to seek advice from an experienced lawyer.
Landlord/tenant issues: What happened to the security deposit?
You may be a tenant with thousands of dollars tied up in a lease that is suddenly terminated because your landlord is the victim of a mortgage fraud scheme. The California real estate attorneys at our firm have a demonstrated track record of success in landlord-tenant matters. They can help you recover your much-needed security deposit or handle any other vital legal matter involving your landlord.
Contact the Law Offices of Kenny Tan, in Diamond Bar, California, for dedicated advocacy in all mortgage fraud matters.
To learn more information about real estate law, please visit our Real Estate Info Center . To find further answers to your real estate questions, visit our Real estate FAQ.
