California Real Estate Fraud Report

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Watsonville Real Estate Agent Pleads No Contest

Grimaldo L. Sanchez, 29, of Watsonville was a real estate agent working for Quintero Realty. Facing almost 50 charges that accused him of stealing from Quintero’s clients, he pleaded no contest to 15 charges of forgery and embezzlement.

Assistant District Attorney William Atkinson said Sanchez was keeping money that his clients were giving him in order to pay their mortgages. He has already paid back one victim $48,000 and is on the hook for a civil judgment in a case pending against him and the president of Quintero Real Estate, Patricia Quintero, by Manuel Mora and Josefina Castrellon, who accuse Sanchez and Quintero of causing them to lose their home to foreclosure.

Read the original article in the Silicon Valley Mercury News.

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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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