Although property values have declined significantly over the recent short term, California real estate is still a valuable investment for both individual and business property owners. Unfortunately, the combination of economically distressed owners vulnerable to quick-fix schemes and high financial stakes have also made real estate an area of economic activity where fraud routinely occurs.
What is Real Estate Fraud?
Real estate fraud is a type of financial crime that occurs when someone falsifies information or uses false documents in order to illegally obtain or sell property. This can be done through a number of methods, such as creating fake documents, forging signatures, or making false statements on loan applications.
Real estate fraud can have serious consequences for both the buyer and the seller of the property. If you are found to have committed real estate fraud, you could face steep fines, jail time, and a loss of your professional license. If you are the victim of real estate fraud, you could lose a lot of money and end up with a property that is difficult to sell.
If you think you may have been a victim of real estate fraud, or if you have any suspicion that someone you know has committed real estate fraud, you should contact the authorities immediately.
Real Estate Fraud Litigation with Ringler Law Corporation
At Ringler Law Corporation , we represent plaintiffs who have been taken advantage of by predatory lenders, loan modification schemes, con artists promising foreclosure relief and a variety of other property-related scams. We also represent plaintiffs in real estate fraud claims against brokers, real estate agents, appraisers and other licensed real estate "professionals" who have engaged in various types of fraud or misconduct.
In every matter, Ringler Law Corporation clients work with and are represented by a dedicated legal team led by trial attorneys who have experience and proven skill with the specific issues surrounding the case. We are ready and willing to try cases whenever it is in the client's best interests to do so.
In the area of real estate fraud, Ringler Law Corporation has been able to obtain incomparable results for its clients by identifying potential issues of fraud and thereby considerably raising the stakes. Such litigation strategies were used in recovering $5.5 million on behalf of 19 individual homeowners in a construction defect lawsuit against a builder who was sued under theories of fraud as well as non-disclosure of the construction deficiencies.
We only represent plaintiffs and only do so on a contingency fee basis — meaning that compensation occurs only after money is recovered in the case, as regulated by law. To discuss your legal matter with a lawyer, call our Los Angeles offices at 805-719-4903 or contact us online.
Which is an example of property fraud?
Property fraud occurs when someone illegally obtains or uses another person's property for their own benefit. This can be done through a number of means, such as forging documents, taking out loans in another person's name, or using someone's identity to gain access to their property.
What is intentional fraud in real estate?
Intentional fraud in real estate is when someone deliberately misrepresentation information or conceals information in order to convince someone to make a real estate transaction. This can be done by lying about the condition of the property, the terms of the deal, or other important factors. Intentional fraud is a serious crime that can have severe penalties, including jail time.
How do you deal with property fraud?
Property fraud is a serious problem that can have devastating consequences for the victim. If you believe that you have been the victim of property fraud, it is important to take immediate action to protect your rights.
There are a few steps you can take if you believe you have been the victim of property fraud:
- Contact the police: If you believe you have been the victim of property fraud, you should contact the police immediately.
- Contact your mortgage lender: If you have a mortgage on the property, you should contact your lender and let them know what has happened.
- Get in touch with a lawyer: One of the best things you can do if you believe you have been the victim of property fraud is to contact a lawyer who can help you protect your rights and take legal action against the perpetrators.
What are the penalties for committing real estate fraud?
Real estate fraud is a serious crime that can have severe penalties. The penalties for real estate fraud vary depending on the severity of the crime, but they can include fines, jail time, and the loss of your real estate license. If you are convicted of real estate fraud, you will also have a criminal record, which can make it difficult to find employment and housing in the future.
If you are convicted of real estate fraud, you will have to pay all of the money you stole, plus any court costs and fees. You may also be required to pay restitution to the victim or victims of your crime. If you are sentenced to jail time, you will have to serve your sentence in a federal prison.
Real estate fraud is a serious crime that can have lasting repercussions. If you are convicted, you will have to pay heavy fines, serve.