California Real Estate Fraud Report

This report spotlights real estate professionals and businesses lacking the ethics and conscience to treat their fellow humans in a fair, honest and upstanding manner. It is a clearinghouse for real estate fraud, mortgage fraud, loan fraud and appraisal fraud occurring in California, especially Los Angeles and Southern California. - Monique Bryher

05
Aug

Calif. DRE Concludes Hearing against Bakersfield Realtors Crisp & Cole

In its administrative hearing against Bakersfield Realtors David Crisp and Carl Cole, the common thread in Cole’s testimony was his admission of ethical and possible illegal activities in the office in which he was the designated broker, followed by denials of responsibility for both his and his employees’ actions. 

Cole explained that he was busy on other company business and as such had no time to supervise his employees. This would include himself, as he signed a loan document promising he would live in a home he had just purchased in order to obtain a more favorable interest rate.

For more on the hearing - and finger-pointing, read the Full Article in Bakersfield Now.
 

This entry was posted on Tuesday, August 5th, 2008 at 7:22 pm and is filed under Appraisal Fraud, Loan Fraud, Mortgage Fraud, Real Estate Fraud. Responses are currently closed, but you can trackback from your own site.

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud and appraisal fraud occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.