• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

Toxic Real Estate Agent

Not open for further replies.

Lloyd Bonafide

Senior Member
Jan 15, 2006
Professional Status
Certified Residential Appraiser

Romero sold 122 homes since 2004, according to a North County Times analysis of publicly available tax records and the computerized listing service used by local real estate agents.

Of those sales, 75 have entered foreclosure. Nine additional homes engaged in so-called short sales, where the lender agreed to sell the house for less than the mortgage in an effort to avoid foreclosure.

Impressed by Romero's pitch, they refinanced and took out loans for more than they could afford, they said.

Romero's employees encouraged them to lie about their incomes and aided in creating fictitious businesses to support those numbers, they said.

Two clients said Romero's employees created nonexistent home-cleaning businesses.

In one case, they said, Romero appeared to have prepared false tax statements. The incomes stated for the client and her husband were both inflated and used on a mortgage application, said Maria Manzano, the client.
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks