California Newswire is reporting another strange suing.
This one involves several agents wearing the badges of a very well known [tag-ice]realty[/tag-ice] chain and is certainly messy.
It all started in April, 2005, when an elderly man sold his home through a local realty connected to the much advertised national chain. The agent involved allegedly created a skullduggery situation by setting up a fake escrow account for the house. He gave the impression that the house had sold for $40,000 more than it actually did sell for.
Charges are that he then took money from the realty’s private [tag-tec]escrow fund[/tag-tec] and that was used to fix-up and improve the [tag-cat]property[/tag-cat]. The property was quickly re-sold for a six figure profit.
The shadiness doesn’t stop there. The owner’s daughter claims [tag-cat]fraud[/tag-cat] was involved in the sales of two more of the family’s houses.
Here’s the thing. The plaintiff contacted local law enforcement four times and the Department of Real Estate Fraud three times. Even though forgery is a criminal matter, the daughter was informed she had to go the civil court route first.
But why did it take so long?
Where was the media in all of this?
Quietly turning down her calls for help. It seems the explanation was that particular realty involved spends quite a bit on advertising. As we know, money does talk loudly.
Actually, we shouldn’t be surprised by any of this. (Retailers can certainly tell you some mall crimes don’t make the six o’clock news for the very same reason).
So far all of this has cost the plaintiff $65,000 for fines and attorneys’ fees.
Is there a lesson here? Always double check all paperwork and the local media doesn’t always give you the real scoop.