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Real Housewife In Real Trouble

In August 2013, Teresa and Joe Giudice were charged with 39 counts of financial fraud, ranging from tax evasion to mortgage fraud. The couple, who were featured in the Bravo TV reality show “The Real Housewives of New Jersey,” allegedly falsified their income to obtain eight mortgages on three houses, between 2001 and 2008. Later, when the couple filed bankruptcy, they were accused of intentionally failing to report their income from the TV show.  

One loan officer explained that mortgage fraud was rampant in the early 2000s. Some mortgage companies did not ask too many questions before loaning money, and some even approved zero-documentation loans, in which the borrower did not have to provide proof of income or even proof of residency. 

Mortgage fraud 

Your best defense in a mortgage fraud case may be that the bank simply did not ask very many questions, or at least did not ask the right questions. You have no duty to produce documents that the bank does not request, and you have no duty to volunteer information. If the bank was willing to make a risky loan, the bank should be the one to bear that risk. 

Work with experienced bankruptcy fraud attorneys 

A financial expert may be your best defense in a bankruptcy fraud case. An expert witness may be able to explain your position to a jury in a way that they can understand — so, instead of impersonal numbers, the jury sees your personal story. A New Jersey fraud defense attorney can partner with the right expert for your particular case and your particular budget. 

To schedule a consultation with attorneys who are rated AV® Preeminent™ Peer Review Rated by Martindale-Hubbell® for their outstanding legal skills and high ethical standards, contact us today.

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