California Real Estate Fraud Report

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11
Apr

San Diego Jury Sides with Realtor

In a lawsuit watched closely in San Diego a jury sided with Carlsbad real estate broker Mike Little against a couple who claimed that Little’s lack of due diligience caused them to overpay by about $150,000 for their home in July 2005.The burning question at the heart of the case? What are the responsibilities of a real estate agent?

The jury found unanimously that Little had executed a reasonable standard of care when he showed Vern and Marty Ummel more than 80 homes in a house hunt beginning in May 2005. Two months later, they decided to pay $1.2 million.

Read the Full Article in the Voice of San Diego and the San Diego Union Tribune.

© Copyright 2007-2017 Monique Bryher

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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, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes 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.

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