Banking and Real Estate Fraud

Banking and Real Estate Consumer Fraud Attorneys

Consumers in the market for major purchases such as home mortgages, car loans, and real estate rely on representatives of those industries for advice. This situation creates a fiduciary relationship, where the broker or sales representative with the superior knowledge and skill is required to take the consumer's interests into account when making recommendations. Attorneys at Merovitz, Cedar & Gruber, LLC, (MCG Legal), with offices in Mount Laurel and Philadelphia, are staunch advocates of those who have been victimized by professionals in the New Jersey and Pennsylvania real estate markets.

Will you lose your home to foreclosure because of mortgage fraud?

When approving an application for a mortgage loan a bank officer is required to determine that the property is worth as much or more than the loan amount, and that the borrower has the ability to pay. In the real estate frenzy of the last few years, people have paid double or triple the real value of homes and home buyers have taken out variable rate, zero-down, or balloon mortgage loans that quickly left the buyers unable to make the increasing payments. Most mortgages were quickly sold on the open market and the brokers and originators collected large fees.

In cases where developers, bankers, brokers, appraisers, and title insurers collaborate to defraud homebuyers, the federal Racketeer Influenced and Corrupt Organizations Act (RICO) and state consumer fraud statutes apply.

There is recourse for victims of banking and real estate fraud

If you were sold a home mortgage or auto loan, whether online or in a local office, and you did not have the capacity to repay, or your house was appraised at more than its market value, contact our Mount Laurel office and arrange a free and confidential consultation about a fraud claim. Call now before you lose your house!

At MCG Legal, our lawyers work to recover damages on behalf of victims of banking and real estate fraud. We are also prepared to help consumers who have suffered losses as a result of internet bank fraud and other cases of consumer fraud. Our attorneys handle state and federal trials and appeals throughout New Jersey and Southeastern Pennsylvania, serving clients from communities including Philadelphia, Mount Laurel, and Cherry Hill.

If you would like to speak with one of our lawyers about a civil claim, or have another question, please contact our Philadelphia or Mount Laurel office to arrange a complimentary consultation. We assure you that your inquiry will be handled with sensitivity, complete confidentiality, and without obligation from you in any way. In most cases our services are contingency-based, meaning our client pays no attorney fees unless we recover damages on the client's behalf.