Friday, June 7, 2019 / by Angie Hsieh
There are so many good Realtors out there, but it takes just one, someone like Laura Preciado to ruin it for the rest of us!
For the past few years we were worried about wire fraud, a few months ago, we were worried about fake duplicated rental posts where they take the potential renter's money and leave them homeless. Now we have to be worried about our clients getting their Earnest Money Deposit (EMD) taken? WOW!
Ms. Preciado, a Real Estate Broker in Fullerton is collecting EMD from multiple buyers on the same property she lists and refuses to refund their EMD after delaying the transaction.
Department of Real Estate is aware of the situation. Unfortunately, she made bail and is still out and about scamming. Make sure the escrow company you use is legit and stay away from listings from AE Builder, AE Management, and similar names, as well as OCG Enterprises. The allegations include properties in Lancaster, Palmdale, Riverside, Perris, Victorville, Sun City, Hesperia and more.
Angie Hsieh #realtor