Fraud and Misrepresentation

Misrepresentation is defined as a misleading or false statement made about an agreement, and can be interpreted as an innocent misstatement of a fact. Fraud on the other hand is a deliberate misstatement of a fact where the use of deceit or some dishonest means has been used to deprive another party of money or secure unlawful gain. Frequently, a case will contain both fraud and misrepresentation.

If you have been defrauded by a contractor, broker, appraiser, or foreclosure rescue scammer, it may be possible to legally pursue a remedy with the financier who enables these entities to function. A bank who profits from the activities of these unscrupulous characters can be held accountable even if the lender did not directly participate in the fraud itself. For example, lenders have been successfully sued for enabling contractors to obtain fraudulent home improvement loans on behalf of homeowners.

More Information

• Legal Challenges to Foreclosure
• Lawyers and Legal Assistance
• Laws that Protect You When Facing Foreclosure