Jerry L. Freedman, A Professional Corporation
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Real estate and mortgage fraud: scams abound

One bad apple ... .

That age-old proverb/maxim unquestionably commands broad applicability across some very wide terrain. In just about any context imaginable, it is indeed true that the one unsavory actor -- deemed as such by underhanded behavior or sullied personality traits -- can tarnish an entire group of individuals, regardless of whether that broad stroke of ignominy is fairly applied or not.

Take real estate, for example, specifically the wide world of real estate investment. We note on our business and commercial law website at the Westlake Village law firm of Jerry L. Freedman that "most [agents and brokers] offer competent service."

Impliedly, of course, that translates in a reciprocal manner to this: Some do not.

And when they don't, it is sometimes the case that more than mere negligence or general incompetence is driving "something's just not right here" performance.

Sometimes it is fraud-related real estate agent or broker behavior that propels concerns, which is why we note on our site that it is often in the best interests of a buyer or seller "to work directly with a real estate attorney."

Consider the case involving a real estate agent working in the wealthy San Francisco Bay Area enclave of Los Altos Hills, for example. A recent media report notes that she was recently arrested for perpetrating an egregious fraud upon some investor clients by fraudulently inducing them to hand over money that was allegedly targeted to buy foreclosed properties at attractive prices. The agent told those individuals that the properties could subsequently be sold at a profit.

In fact, those properties never existed. The agent pocketed the money willingly handed over by seniors -- reportedly, more than $1 million -- and simply told them the deals never materialized.

She is now facing criminal prosecution.

A proven real estate attorney can provide aggressive and knowledgeable assistance to a real estate client -- e.g., a developer, lender or investor -- when fraud-related matters emerge in a contemplated or consummated transaction.

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Jerry L. Freedman, A Professional Corporation
3625 E. Thousand Oaks Blvd., Suite 292
Westlake Village, CA 91362

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Phone: 805-409-9056
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