Caroline Gerardo, C. G. Barbeau the Loan Lady nmls 324982 (Sun West Mortgage Corporation)

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Rainmaker
1,076,734
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

This is why I use Jason E. Gordon because I know my clients are safe. REALTORS need to vet their vendors and team members.

Aug 08, 2020 05:11 PM
Rainmaker
822,578
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Yeah I posted this article in the Peeps group! 

Pretty mind boggling . . . that the crook would have the balls, and that the bank didn't vet more carefully!

Aug 08, 2020 12:16 PM
Rainmaker
2,902,215
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Holy Crow!  May he rot in you know where. 

I am so sorry you wrote a post and it went, Poof!  So frustrating! 

Aug 08, 2020 01:39 PM
Rainmaker
1,631,411
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

Candice posted this on AR Peeps. I can't imagine how it happened because 'supposedly' there are all kinds of checks in place.

Aug 08, 2020 12:24 PM
Rainmaker
1,937,644
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Sleezy guy

Aug 09, 2020 05:30 AM
Rainmaker
2,569,923
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Getting people to sign a deed is not as hard as one thinks...

Aug 08, 2020 12:59 PM
Rainmaker
5,001,830
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Caroline,

Sounds like he got his just desserts. A

Aug 08, 2020 12:17 PM
Rainer
280,918
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Few more details I found: his bail is $50,000., he appeared remote by video, how did Texas bank fail to audit any files, $32 million in loans maybe there are more the FBI didn't find, he probably made about five million dollars in fees to borrowers, service release premiums, rate margins...

Aug 08, 2020 12:11 PM
Rainer
337,070
David M. Dwares
Title Professionals Corp. - Fort Lauderdale, FL
Title guy with a broker license

Committing fraud is easy. Not getting caught is hard. Thinking you will get away with it is stupid.

Aug 09, 2020 08:45 AM
Rainmaker
3,707,518
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Some people just can't play by the rules.

Aug 09, 2020 06:04 AM
Rainmaker
5,975,228
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for the link.

Aug 09, 2020 05:38 AM
Rainmaker
2,902,215
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

Holy Crow!  May he rot in you know where. 

I am so sorry you wrote a post and it went, Poof!  So frustrating! 

Aug 08, 2020 01:39 PM
Rainmaker
801,404
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

 I am glad that his crimes have been uncovered and that he will be prosecuted.

It seems like a plot for an interesting movie.

Aug 08, 2020 12:10 PM
Ambassador
4,840,676
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

So much potential for fraud in this industry, best to always double check and work with people you know.

Aug 10, 2020 12:36 AM
Rainmaker
521,452
Jason E. Gordon
AmeriFirst Financial Inc, San Diego, CA - San Diego, CA
Sr. Loan Officer, CMPS, CDLP, CDRE, RCS-D, CDPE

Thank you for sharing this article. Suffice to say, this behavior is deplorable and he will most certainly "do the time at Club Fed" for his fraudelent actions. 

In situations like these, I cannot help but imagine how someone with this ingenuity & creativity could've professionally thrived if he just played by the rules.  Pity.

Aug 09, 2020 10:17 AM
Rainer
277,417
J.R. Schloemer, CRS
Kentucky Select Properties - Louisville, KY

Too much work for me, for the ramifications. 

Aug 09, 2020 05:42 AM
Ambassador
2,377,278
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Lazy business standards and an opportunist took advantage.

Aug 10, 2020 06:06 AM
Rainmaker
3,035,570
Brian England
Vacasa - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It seems the world is a scam these days and we have to constantly be on the lookout.

Aug 10, 2020 06:02 AM
Rainmaker
1,991,606
Evelina Tsigelnitskaya
SIB Realty - Sunny Isles Beach, FL
www.SIBRealty.org 305-931-6931

Speechless. 

Aug 10, 2020 08:39 AM
Rainmaker
897,538
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

If crooks used their smarts for legitimate income-producing opportunities how much better off would we all be? 

Aug 10, 2020 08:12 AM