03
Jan
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.
Realtor?
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.
Source: http://www.californiarealestatefraudreport.com/archives/4138
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