In the current economy, federal investigators are scrutinizing financial enterprises more than ever
Business professionals are being confronted with allegations of loan fraud — many of them unaware of the illegal activity.
A former state and federal prosecutor himself, Dan C. Guthrie, Jr., is aware of the many loan fraud schemes being used to gain advantages in a struggling market and the tactics used by federal investigators and prosecutors to expose such schemes.
No one — not borrowers, lenders, mortgage brokers, appraisers or even investors — is immune from investigation and prosecution.
The current focus on prosecuting mortgage and bank fraud has produced intense investigations into fraudulent loans, loan origination, loan acquisitions, appraisals, and the underwriting process.
Mortgage fraud is always a high priority for state and federal prosecutors across the country
The best defense is thorough and proactive legal representation
Dan Guthrie will work swiftly to try to prevent a grand jury indictment.
When this is not an option, however, you can feel confident in Dan Guthrie’s proven trial skills and in his ability to work effectively behind the scenes on your behalf. You can also trust that your best interests are the only ones he and his firm will be looking out for.
Aggressive and Diligent Criminal Defense
Dan Guthrie provides aggressive and diligent criminal defense representation to homebuyers, real estate agents, mortgage brokers, appraisers, real estate investors and others in fraud cases involving the following:
Mortgage fraud: Under pressure to obtain loans quickly in a difficult financial market, many mortgage brokers falsify documents in order to obtain approval for loans. Documents are sometimes changed — without the buyer’s knowledge — in order to ensure the buyer qualifies for the loan. Many buyers sign closing documents in good faith. However, if the misrepresentation of assets or income on the loan documents is detected, the buyer will be vigorously pursued as well as anyone else prosecutors believe were involved in the scheme.
Straw buyers and investment properties: Investors gain advantage of a low APR and resulting reduced down payment on investment properties by indicating these properties will be owner- occupied. Federal investigators and prosecutors vigorously pursue loan fraud cases involving distressed properties that were purchased using the credit of “straw” buyers.
Other forms of loan fraud: Dan Guthrie defends professionals under investigation or charged with loan fraud in connection to inflated property appraisals, forged or falsified loan documents, property flipping and other alleged loan scams and fraudulent conduct.
- Departures from standard underwriting practices
- House flipping
- Falsifying home mortgage application
- Inflated appraisal of home value
- Failure to disclose primary residence
- Other alleged loan scams and fraudulent conduct.