Mortgage Financing Fraud

An Experienced Florida Consumer Attorney Can Help Fight Fraud

At Woodruff Injury & Consumer Protection Law, we help individuals aggressively pursue claims involving Florida mortgage financing fraud.

Mortgage financing and refinancing can be fraught with traps for the consumer. Fees charged up front for alleged settlement costs can be stolen by unscrupulous brokers; unauthorized costs and charges can be passed on to the borrower as a way for the lender or broker to increase its profit on a particular loan; and illegal discrimination in rates can occur without the borrower even being aware that it has occurred and lenders can fail to properly disclose all costs and charges at closing. Even after the loan has closed, lenders can engage in unscrupulous activities such as failing to properly credit payments made, refusing to eliminate "PMI" when loan to value ratios no longer require it, and collecting unreasonably large escrow payments for taxes and insurance.

Nationally and in Florida, Mortgage Financing Fraud is on the Rise

Losses from mortgage fraud continue to rise, with the IRS investigating 215 cases nationwide during 2003, which is double the number in 2001. Some new federal regulations are in place for Federal Housing Administration-insured mortgages, but mortgage financing fraud can still be extremely difficult to detect, as well as costly.

Victimized by Financing Fraud? Call Today For Help

If you think you or someone close to you may have been the victim of mortgage financing fraud, Contact us at 1-800-670-8555 to discuss your potential claim.

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