Jeanne M Gavish, GRI, SRES

State law increases mortgage fraud penalties TALLAHASSEE, Fla. – April 30, 2008 – In the wake of Florida’s real estate downturn and rapid rise in foreclosures, the state Senate Tuesday passed a second bill in as many years increasing the penalties for those convicted of mortgage fraud. The legislation, which will now head to ...

MORTGAGE FRAUD Reports of suspected mortgage fraud rose 42 percent last year, and U.S. banks now take a much closer look at loan applications. The most common type of fraud: misrepresentation of income or assets followed by forged documents, misrepresentation of a borrowers' intent to occupy a property, and inflated appraisals. Read the full ...