Mortgage Fraud Solicitors at MB Law Ltd can provide you immediate assistance or free initial advice
If you are accused of committing Fraud. Please call us on our 24×7 Emergency: 07737996126 -or- 07940234801 for our mortgage fraud solicitors or for more details
Mortgage Fraud Solicitors– Mortgage Fraud has now become a severe issue these days and the clear evidence of mortgage fraud suppose to be recognized with the help of certain misconceptions between the actual terms offered by the mortgage lender.
Mortgage fraud is a crime in which the intent is to omit information or materially misrepresent on a mortgage loan application to obtain a loan or to obtain a larger loan than could have been achieved and either lender or borrower knows the reality.
Classification of Mortgage Fraud
Mortgage Frauds can be classified into several types. These type of frauds can happen by the misconception of the actual information as well as data to gain more and more mortgage contracts injudiciously.
Mortgage fraud is not to be sophisticated with rapacious mortgage lending. Mortgage fraud occurs when a consumer is misled or deceived by an agent of the lender. However, rapacious lending practices often co-exist with mortgage fraud.
The Fraud Act 2006 often referred to save the general public from such frauds and the need of the hour is to coach them on the basic components of mortgage frauds as real estate fraud, and the way such frauds happens would guide the general masses to identify them and nip them from the bud.