Florida Leads the Nation in Mortgage Fraud

Photo fraudwatch.com.

South Florida continues to be the nation’s capital of mortgage fraud according to data firm CoreLogic says.

In CoreLogic’s recently released report, Miami-Dade, Broward and Palm Beach counties have the highest levels of home-loan fraud during the second quarter of 2019.

I also remember watching a CLE class online where the speaker was a judge and he stated that more than 60 percent of cash deals were fraudulent and money laundering was involved.

New York’s metro area ranked second nationally, followed by McAllen, Texas, in third, Los Angeles in fourth and Daytona Beach in fifth.

Attorney Alex Hernandez

Representing clients in the areas of Chapter 7 Bankruptcy, Family Law/Divorce, and car and motorcycle accidents for 20 years. (904) 712-5565 or (305)-688-LAWS (5297). *Se Habla Español

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