Maryland Code §7-401 defines mortgage fraud as “(d)any action made by a person with the intent to defraud that involves (1) knowingly making any deliberate misstatement, misrepresentation, or omission during the mortgage lending process with the intent that the misstatement, misrepresentation, or omission relied on by a mortgage lender, borrower, or any other party to the mortgage lending process;” or “(6) filing or causing to be filed in the land records in the county where a residential real property is located, any document relating to a mortgage loan that the person knows to contain a deliberate misstatement, misrepresentation, or omission”.
Adam Schiff, despite claiming to live and represent the people in the state of California, filed and reaffirmed through refinancing documents, his primary residence at 8204 Windsor View Terrace, Potomac Maryland, 28054. Adam Schiff’s on the record acknowledgement of the mortgage document filings (primary residence in Maryland) during a House Ethics hearing via claim of a “mistake” evidences acknowledgement of mortgage fraud.
Schiff received better rates on his mortgage on the Maryland property by claiming it was his primary residence as opposed to his secondary residence.
Our Take
The allegations surrounding Adam Schiff raise critical questions about integrity and accountability in public office. If these accusations hold true, they paint a picture of a public servant manipulating residency status for personal gain, which is not only unethical but potentially criminal. These actions undermine public trust and corrode the very foundations of our democratic institutions.
Such cases underscore the necessity for rigorous ethical oversight and the importance of holding our leaders to the highest standards of honesty and transparency. As voters and citizens, it’s crucial to demand that those who represent us do so with unwavering moral clarity and adherence to the law.
