Houston Mortgage Fraud Attorney

HOUSTON MORTGAGE FRAUD DEFENSE ATTORNEY

According to the Texas Department of Banking, mortgage fraud is committed when a “person intentionally or knowingly makes a materially false or misleading written statement to obtain a mortgage loan.” There are a number of regulatory agencies that investigate mortgage fraud, and it can have both civil and criminal repercussions. The following agencies often investigate or prosecute mortgage fraud in the State of Texas:

  • “The office of the attorney general;
  • The Department of Public Safety;
  • The Texas Department of Insurance;
  • The Office of Consumer Credit Commissioner;
  • The Texas Department of Banking;
  • The credit union department;
  • The Department of Savings and Mortgage Lending;
  • The Texas Real Estate Commission;
  • The Texas Appraiser Licensing and Certification Board; and
  • The Texas Department of Housing and Community Affairs.”

Penalties for Mortgage Fraud in Texas

Texas Penal Code Section 32.32 makes it unlawful to use a “false statement to obtain property or credit or in the provision of certain services.” The penalties for violating this section of the penal code depend on the value of the property. For instance, if the value of the property is $30,000 or more, but less than $150,000, you could be charged with a third-degree felony punishable by up to 10 years in prison and a fine not to exceed $10,000; if the value of the property is $300,000 or more you could be convicted of a first-degree felony.

No matter what the value of the property, you should always consult a knowledgeable mortgage fraud defense attorney before accepting a plea agreement. Mortgage fraud is a serious offense that can affect your ability to secure a loan, your financial security, and your freedom. You need experience you can trust. You need an attorney who understands how state and federal prosecutors prepare for cases and secure convictions.

Hire the Right Mortgage Fraud Defense Lawyer

Attorney James Alston worked in the Major Fraud Division of the Harris County District Attorney’s Office. He spent countless hours prosecuting mortgage fraud cases. He knows what it takes to defend and win cases. If you are being investigated for mortgage fraud, you need to act fast; your rights and your freedom may be on the line. Contact James Alston Law today for a consultation at (713) 228-1400.