Broker Fraud, Breach of Fiduciary Duty, Recovery From Bureau of Real Estate Under the Recovery Fund

Posted on: March 7, 2014

Represented seller whose real estate broker manipulated loan documents and escrow instructions to obtain $50,000 of seller’s proceeds at the close of escrow. After obtaining a court judgment for our client, the broker filed bankruptcy. Since the judgment was uncollectable because of the bankruptcy, we successfully applied to the Bureau of Real Estate (DRE) for restitution under the Recovery Fund and obtained payment to our client.

Posted in: Case Results • • •