Residential Mortgage Fraud in the Fourth Degree is the first larceny and fraud crime relating to residential mortgages that constitutes a felony in New York. Although the “lowest” level felony, New York Penal Law 187.10 is still an extremely serious offense that cannot just land you in prison for many years, but absolutely devastate your career and future. Even a first time offender convicted for Residential Mortgage Fraud in the Fifth Degree could face up to one and one third to four years in prison. While anyone accused of NY PL 187.10 would need the guidance and assistance of a New York criminal lawyer, those who are predicate felons face not only up to four years in prison like an individual who has no record, but a mandatory minimum of one and one half to three years as well.
With a general grasp on the severity of an arrest, indictment or conviction for Mortgage Fraud in the Fourth Degree, the next step (arguably the first step) is to understand the actual crime. If you commit Residential Mortgage Fraud by, for example, knowingly and intentionally defrauding another by submitting false information for a residential mortgage loan application, and, as a result, receive more than $1,000, but $3,000 or less, then you have committed this crime in the Fifth Degree.
Like other degrees of Residential Mortgage Fraud, this New York Penal Law 187.10 is often associated with other crimes including:
Regardless of the crime or crimes charged in an arrest or indictment for Residential Mortgage Fraud, circumstances can unfortunately go from bad to worse. Protect your freedom as well as your future by retaining experienced criminal counsel to implement the best viable defense. The New York criminal lawyers and former Manhattan prosecutors at Crotty Saland PC stand ready to assist you and do just that.
To learn more about Residential Mortgage Fraud, please review the main section for this offense. Additional resources for while collar crimes include CrottySaland.Com as well as both the NewYorkTheftAndLarcenyLawyersBlog.Com and the NewYorkCriminalLawyerBlog.Com.
Contact the New York Criminal Defense Attorneys & Mortgage Fraud Lawyers Online or at 212.312.7129 Now.