Columbus Buyer Fraud Lawyers
Straw buyers, or phantom buyers, are one of the most common schemes used in many mortgage fraud cases. In a straw buyer scheme, one person purchases a property for another person who does not qualify for a loan. Being accused of being a straw buyer in a mortgage fraud case is a serious matter and it is important to contact an experienced criminal defense lawyer as soon as possible.
At Scott and Nolder Law Firm, LPA, in Columbus, we have extensive experience representing alleged straw buyers in mortgage fraud cases. We provide aggressive, strategic representation to our clients, seeking to limit their exposure to harsh criminal penalties such as prison time and large fines.
For a free consultation with one of our Columbus buyer fraud criminal defense attorneys, call us at 614-221-9790.
Defending Straw Buyers in Mortgage Fraud Cases
In most cases, a straw buyer has good credit, while other times a straw buyer will falsify their credit information in order to be approved for the transaction. Straw buyers usually receive a percentage of the loan proceeds, while the property is sold to a new straw buyer, starting the scheme all over again.
Because of the various parties involved in these cases, they can be very complex. Our lawyers are experienced with both the state and federal laws regulating real estate lending and closings. This includes in-depth knowledge of how to defend the special investigations involving strike forces and special prosecutors in real estate mortgage fraud.
