Legal Question in Real Estate Law in California

real estate fraud

i was in the process of refinancing and had sent about $11,500.00 to be written to the person I was working with. I wrote 3 checks to total to the above amount the person was working out of mortgage management consultants, inc. in ca. he kept telling me i needed to do this so i could get a good rate and said the money was being put in escrow and i would get it all back. I found out I shouldn't be doing this,paying money upfront. i have now learned that these checks, written to him personally were being mailed to his home address. he hasn't been showing up at work, his boss is shocked. he isn't listed has having a broker or real estate license. i sent all the docs i have (cancelled and endorsed check, etc. to the president of the corporation. He hasn't returned my calls. I was told to fill-out a complaint with dca l.a. county, and the department of realors. the money isn't large enough for a lawyer to take this case. i live in n. ca and the person in quest. lives in s. ca.. his name was recommended to my by my tax/cpa guy where i live. he said this person in quest. was very good and helped out several of his clietns, needless to say, the tax guy is shocked. could i sue the corp. for my money if the guy doesn't have any


Asked on 4/22/09, 12:10 am

1 Answer from Attorneys
Terry A. Nelson Nelson & Lawless

Re: real estate fraud

You can sue whoever is responsible, but 'good luck' getting money back from some individual crook. However, if this is an ongoing company, you might be able to do so. IF you have written agreements and documents with the company, and if they have an 'attorney fee' provision, then you could be entitled to collect your attorney fees if you win. Try to get the Dept of Corporations, Dept of Real Estate, Dept of Consumer Affairs, the police and DA to pursue this.

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Answered on 4/22/09, 1:06 pm


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