
Norfolk Mortgage Fraud Defense Lawyers
Virginia Mortgage Fraud Laws
Real estate agreements deal with a significant amount of property, money, or credit, which is why mortgage fraud has become a common white collar crime in Virginia, especially after the nation’s housing crisis. Unfortunately, making a mistake during a real estate transaction can not only compromise a deal, but it can also lead to criminal charges.
If you are being accused of mortgage fraud in Virginia, our legal team at Protogyrou Law is ready to help you navigate the complexities of the criminal justice system and protect your rights and freedom. We can investigate your case, collect supporting evidence, and build an effective and personalized defense strategy to get the most favorable outcome in court.
For a free initial consultation, contact us today at (757) 267-6611.
What is Mortgage Fraud?
Mortgage fraud generally involves deception, falsification, concealment, or otherwise any misrepresentation of the facts to obtain a favorable deal regarding a home loan. In order to be convicted of mortgage fraud in Virginia, the prosecution must prove you intentionally made any materially false statement in order to procure personal property, currency, or credit.
Types of Mortgage Fraud
Common types of mortgage fraud include:
- Property flipping
- Straw buyer scam
- Occupancy fraud
- Identity theft
- Income/asset falsification
- Forgery
- Lack of due diligence
What are the Penalties for Mortgage Fraud?
Mortgage fraud falls under the larceny laws in Virginia. If, for example, the fraudulent act involved less than $500, then the offense is a Class 1 misdemeanor. However, if the act involved more than $500, then it is considered grand larceny, which is a felony.
Additionally, mortgage fraud can be considered a federal crime if mail fraud, wire fraud, bank fraud, or conspiracy related to any one of these offenses is involved. Federal penalties are much harsher than state penalties. For instance, bank fraud carries a maximum 30-year federal prison sentence and a fine of up to $1,000,000.
Let Our Firm Defend You Immediately
Whether you are a buyer or an industry professional accused of fraud, you can rely on Protogyrou Law to provide you with knowledgeable and responsive legal representation from start to finish. We understand how serious the consequences of a conviction are, which is why we will do whatever it takes to avoid such a result at all costs.
Contact us today to speak with our Norfolk mortgage fraud defense attorneys.

Quality Legal Representation
Each attorney of the firm has handled the highest profile cases often found in the newspapers and evening news. Protogyrou Law has won numerous awards – including Super Lawyers and Virginia Business Legal Elite – for our dedication to our clients and our proven track record of success. When you seek legal assistance, you’re looking for a winning outcome. We understand. And we know the best result always comes from being prepared.
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Very effective in the long term. And much appreciated by all of us.
”Long story short, you guys did a hell of a job.
"Long story short, you guys did a hell of a job. Very effective in the long term. And Much appreciated by all of us."- Patrick P. -
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You Are A Titan
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I Would Have to Say, You've Outdone Yourself
"- Lawrence C.Mr. Protogyrou,
I would have to say that you have outdone yourself, and I’m grateful to you. By you writing my prosecutor, Mrs. Laura Tayman, about me and telling her of my assistance in the Michael Jordan trial, and assisting the prosecutor Mr. Jim Metcalfe, made me feel for me receiving my motion for my rule 350.
Mr. Protogyrou, by you being close to this institution, or prison, everyone has kept their eyes and ears on every lawyer from Norfolk to Richmond. Whenever your name is mentioned, the inmates here already know that you will fight for your clients, and in most of your cases that went to trial, you were victorious. I do believe that you will do the same for me." -
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You're Definitely an Awesome Lawyer
"Mr. Protogyrou,
I really appreciate all of your help with my legal matters. You’re definitely an awesome lawyer and know how to take care of business. Once again, thanks a lot.
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"There are no words to express my gratitude for all you've done for me. Thank you so much for the great job that you did in representing me in court. You are an excellent lawyer, and I am so grateful to have had you represent me. May you be blessed for all your hard work and kind deeds."- Victor