Mortgage Fraud, Miami Beach Real Estate

Florida’s Mortgage Fraud Penalties Steepened

The state Senate, in the wake of Florida's real estate downturn and rapid rise in Florida foreclosures, passed a second bill increasing the penalties for those convicted of mortgage fraud.

Not only is the legislation increasing penalties for mortgage fraud but they are also creating a remedy for some of the damage mortgage fraud can inflict on neighborhoods and condominium buildings in the form of higher property taxes.

According to the Federal Bureau of Investigation, Florida has the fastest growing white-collar crime rate in the nation and is a hotbed for real estate fraud...

Complete Article...Mortgage Fraud, Miami Beach real estate