In 2010, Florida led the country in mortgage fraud for the fifth year in a row. In addition, the state was first in loan investigations for the fourth year in a row. Last year, Florida had more than three times the estimated level of reported mortgage fraud on loans.
South Florida in particular had the highest levels of reported mortgage fraud. The tri-county area was listed at fifth place of all metro-areas in the country and made up 5 percent of the nation’s reported mortgage fraud cases.
Reports from people suspicions of mortgage fraud increased by 5 percent between 2009 and 2010. A total of 70,472 reports of mortgage fraud were made in the U.S. last year.
If you or someone you know has been charged with fraud in South Florida, contact the Boca Raton theft and fraud attorneys of Eric N. Klein & Associates, P.A. at 561-353-2800 to learn more about your rights.


