Mortgage Fraud

Mortgage fraud is not a single defined offense. It is a term used to describe a range of illegal activities punishable under California law.
Fraud itself is the intentional misrepresentation or concealment of certain facts to make another person do something that is not in their best interests. Mortgage fraud is, therefore, fraud committed in mortgage dealing, such as:
● Providing false identification
● Making false statements regarding income, debt, or assets
● Intentionally overvaluing any land or property
In California, mortgage fraud is usually prosecuted under Penal Code 487 PC, which is the state’s grand theft law.