Foreclosure Crisis in San Francisco – California was the hardest hit by the foreclosure crisis out of all fifty states in the nation, with one in every five foreclosures taking place in the Golden State. The San Francisco Bay Area housing market running from Marin, just north of San Francisco, to Santa Clara County, was especially badly hit. By 2012, more than 1000 homes in San Francisco were either in foreclosure or starting to be foreclosed upon.
A report by the Alliance of Californians for Community Empowerment stated that there have been 1.2 million foreclosures in California since 2008, with the number expected to exceed 2 million after 2012. The foreclosure crisis was expected to cost homeowners, property taxes, and local governments in California $650 billion. The foreclosure crisis in the Bay Area has led to a wave of rescue scams and other forms of mortgage fraud.
If you are being investigated or charged with mortgage fraud either on the state or federal level, you should be aware that it is now handled as a serious offense. Choose a knowledgeable San Francisco federal mortgage fraud attorney to represent you in these proceedings. The experienced federal criminal defense attorneys at Dudek & Cintean can help you fight an inquiry by the FBI or charges brought by the United States. Call us at (415) 946-4020 for a consultation.
Call us at (415) 946-4020 for a consultation.
Alin Cintean, Attorney at Law and Richard Dudek, Attorney at Law
201 Spear St #1100
San Francisco, CA 94105
Phone: (415) 946-4020
Map and Driving Directions