As published in the Daily Business Review yesterday new legislation may give the mortgage fraud task force greater authority.
“Miami-Dade’s proposed changes to Florida’s mortgage fraud law, which took effect Oct. 1, would allow county property appraisers to carve out fraudulent properties from tax assessments to avoid the artificial inflation of values.
The proposed amendment would also make mortgage fraud a second-degree felony punishable by up to 15 years in state prison for deals involving two or more properties or at least $100,000 in fraud”.
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