Miami Florida is the mortgage fraud capital of the world. At this time there are more mortgage fraud cases than law enforcement can possibly investigate and prosecute effectively. For that reason, a seasoned criminal defense attorney with an intimate knowledge of the criminal justice system can effective fight a mortgage fraud case or negotiate it down to a palatable plea bargain.

Mortgage fraud is prosecuted in both the State and Federal court system. Typically sentences in Federal Court are much longer than in the State Court System, where guidelines for white–collar crimes are more stringent and less subject to manipulation. Whether charges get filed in State or Federal Court is one subject of pre–indictment negotiations. That’s why it is critical to get an attorney involved at the earliest possible stage. A good defense attorney might make the difference between a minor charge filed in state court and a probation plea and a lengthily term in Federal Prison.

The State Attorneys Office, FBI and Local Police Departments are all involved in task forces specifically dedicated to mortgage fraud. These task forces have wide powers. They can obtain bank records, mortgage applications and supporting documents without the mortgage holder or broker being made aware of the investigation. Further, the task forces has the ability to determine if, when and how a case is to be investigated, charged or prosecuted.

The attorneys of BJA are uniquely positioned to evaluate and defend these cases. As a former Economic Crime prosecutor, Mr. Barakat is familiar with many of the investigative techniques used to build a mortgage fraud case. Furthermore, as a former bank lawyer, Bruce Jacobs has a unique perspective on the origination and servicing of consumer and corporate loans. As a team they can identify the difference between a true fraud and a bad consumer decision and demonstrate that difference law enforcement.

If you have been accused of a mortgage fraud or if you think you may be, meet with a lawyer today.

Call Barakat, Jacobs & Associates, P.L. for a consultation or send us an e-mail. We can evaluate your case today.