South Florida: New U.S. Attorney General Says Mortgage Fraud Top Priority
The new U.S. Attorney General for the Southern District of Florida says that one of his top priorities will be fighting mortgage fraud.
U.S. Attorney Wilfredo Ferrer said, "There is rampant fraud in South Florida. I think that's unfortunate. It is embarrassing that we are known in some circles as the fraud capital of the country. I don't like that title."
From therealdeal.com:
Ferrer announced that Joan Silverstein has been named the chief of the division of economic and environmental crimes, which includes mortgage fraud cases.
"Lucky for me, we've got a great economic crimes section here to handle our fraud prosecutions. When it comes to real estate, housing discrimination, mortgage fraud cases, we're leading the nation [in prosecutions]. That's a good thing but it's also a bad thing because it shows we have a lot of fraud here."
Just last month, Homestead mortgage broker Yvette Valdes was indicted by a federal grand jury, charged with falsifying loan documents on two properties in Southwest Miami-Dade County. She faces up to 30 years in prison.
For more information on how to protect yourself against possible foreclosure, contact our Jacksonville, Florida foreclosure law firm.
Greg Gilbert
Keith Maynard
