California Real Estate Fraud Report

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Sentencing Delayed for Realtor® Teresa Rose in Real Estate Fraud Case

A former Coldwell Banker real estate agent from Ramona who pleaded guilty to mortgage fraud in 2012 has had her sentencing delayed until May 20, 2013.


Teresa Rose admitted being part of a scheme to inflate real estate prices (real estate fraud), participated in a mortgage fraud scheme and received over $1.5 million in kickbacks in 2006-2007.  When she is finally sentenced, she could spend up to five years in prison and be fined $250,000.

Although Coldwell Banker Residential Brokerage fired Rose after she was indicted, she is still practicing real estate but under another brokerage. This is because the California Department of Real Estate (DRE) cannot act to suspend or revoke her license until the time for appeal has passed.

Read the original article in U-T San Diego.

© 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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