Nicole Espinosa, The Short Sale Queen, Has Been Arrested

[@mcklanebobbitt381]

Thank you for sharing. The clarification needs to come from someone who has insider knowledge and experience. Again innocent until proven guilty.

[@realestatexdamon]

This is staggering news. I read the title before clicking and genuinely though it was clickbait. Ms. Espinosa always shared good advice, too, always putting the conversation on the seller's needs. Guess you just never really know someone. She just sent out an email two days ago about her 30-day challenge starting soon. Crazy

[@CleareToClose]

Thanks for sharing RJ. This is sad, especially when people try to drag you into their schemes. This is exactly why I just stick to traditional residential & commercial wholesale deals(assignment & double close) - nothing fancy like novations, creative finance, etc. The waters can get muddy real quick and especially with short sales with the bank being involved, she should have knew better that to be forging docs.

[@vegasrentalhomes]

I'm praying for her and her family and all involved!!! Not great news at all. Thank you for posting this. I hate that this has happened to you guys. Mistakes in RE can be devastating. It's so simple to do the right thing in business. Hope people are paying attention and learn from this!!! I know first hand, as a former lender, what it feels like to be used in fraudulent activity. Hugs to you guys, you make a difference!!!!

[@steveng4249]

Good video - I think a good lesson is --- basically what you said --- is don't fake it until you make it. Don't lie. Don't steal. Be honest. And you'll do fine.

[@RealRockinRobyn]

Bad actors make it harder for good, honest people in this business. I feel horrible for her children. Smh 😟

[@3alarmfirefighting776]

This is mostly CAP. There’s not many of my transactions that I don’t know every single thing about. The docs, the parties, the exit. If your signature is on some deals, you know exactly what’s up. Also, when the feds come knocking and you are “compelled” to talk is called “witness statement”

[@buyingandsellingland]

Saw this online: “After signing a listing agreement with the homeowners, the three women would submit fake documents, such as falsified purchase agreements and "proof of funds" letters from fictional buyers, to banks and mortgage companies to freeze the foreclosure process, according to the U.S. attorney's office. Once submitted, the financial institutions would halt the process and waive any related fees. This pause allowed the defendants to find a legitimate buyer or cancel the deal, according to information shared in court.”

[@chris-un4rm]

If there is anything we can do for her or her family please let us know... People who have done financial crimes have done alot less then 30 yrs... Look at Jordan Belford.

[@WeCloseNotes]

Yeah, this just screams being lazy. As you said at the beginning, getting a legitimate POF from a hard money lender or getting a legitimate offer from an investor to delay the foreclosure isn't hard to do. $4,400 in commission per property and at an average of a $28K loss per property ($2.5M in bank "losses" divided by 88 properties) just screams that she got lazy when she would have never of had to!

[@MizZzChAvVvOzZz]

I'm absolutely sure this is a shock, RJ. An accusation is not a conviction. A charge is not a guilty verdict. She is innocent until proven guilty. Everything at this point is allegedly, only. She will be able to afford the best defense, possible. Rest assured there.

[@Robinglending]

Sounds like they used the false proof of funds and offers to stop the foreclosure process and buy time to make a deal/short sale out of it for commission…

[@matthewburkholder1076]

This is why i want to join the university, so i am learning the correct way to do this business. Sorry this happened to you r j

[@sergecaliz3705]

I follow her here on KZbin and other social media platforms, Such a great channel she has and a lot of information, it is shocking to hear she got arrested, BUT She only knows what went on behind closed doors, I am not wishing her anything wrong, and hope she pulls thru this hard time she is going thru.

[@adriangillis2199]

This is disheartening to hear. I pray 🙏 😢 for her and her family. So sad

[@TheCJAdams]

It sucks. I don’t even want to accept it.

[@amandawebstercoo]

I’m still shocked by it all but now even more shocked to know how you and Cassie were used. So sorry RJ. I have all the families in my thoughts.

[@jamildamji]

Heartbreaking for real 😢

[@allmighty1627]

🔥🔥🔥Happened to my friend one of these lizards started booty clapping on his ankle. A year later she took it all. Went from a Lambo to working at chipotle.🙁😞🤔😭🔥🔥🔥

[@GoWithJoeAdventures]

Thoughts and prayers to all parties involved 🙏

[@MDavis91]

Well, this can happen to alot of people which is why the business needs to be taught right and not hide. Behind the scenes.

[@TheJasmineProof817]

I'm sorry this happened to you. That is absolutely crazy.

[@RJBatesIII]

I just wish it hadn't happened, period.

[@jalabi99]

@@RJBatesIII exactly. I hope this gets resolved and that Nicole and the other ladies don't get seriously hemmed up 😐

[@cremedelaclutchexotics7770]

Nothing really 'happened' to him. She just went about doing things poorly and broke too many laws.

[@jermon983]

Damn I didn't see this coming I watched some of Nicole videos over the years. RJ sucks that you have to deal with this situation. Keep your head up my good man..

[@kg404]

Thanks for the video RJ!

[@franklinhopkinsjr1065]

Totally caught by surprise on this one. Sorry this happened to you RJ.

[@austin4435123]

It's sad

[@lupeguerrero4288]

Sending prayers to her and family

[@ryleyr9305]

This is so disheartening. I've sent her many deals over the years and have attended many of their live streams. RJ, can you elaborate on the story you were referring to where there was drama about your hoodie on zombie flip ? There a video or something ?

[@JeremyKnauff]

This is wild!

[@RealRockinRobyn]

WHAT?!

[@andrewcecce]

Rj ur a real one one

[@officialbandlucci6792]

Damn that’s wild 300k …

[@kg404]

What about proof of funds from transactional lender? What’s your opinion on that?

[@erickcamargo]

Rj , this was crazy stuff.

[@rw9019]

Omg, I love her channel. It's hard to believe. Wow

[@RealRockinRobyn]

Wow! 🤯

[@glennbennett9757]

nicole is a great woman, this shit is so bogus

[@taylorford4998]

Yo this is crazyyyyyyyy!

[@healanimatthews1140]

She got lazy to optimize her flow

[@jasonrainey7747]

easy to say when its not your money sure she has kids but apparently she didnt care or care about the famalies that lost their money so.......

[@waheedadegbite9170]

was it the families or more so the banks that lost money?

[@jasonrainey7747]

@@waheedadegbite9170 well the banks money are your deposits and that affects your rates either way the point being if she cared about her kids she wouldnt have done it

[@waheedadegbite9170]

​@jasonrainey7747 definitely understand and agree with that last part... really wonder what was going on in her head to do something like that or was it her team members doing so without her knowledge or what?

[@Rence38]

Damn!!!

[@Romanoff123]

If I was to take a guess she used your guys offer as leverage to beat and get the shortsale approved but at a slightly higher price that was still favorable to her or clients but guaranteed shortsale approval

[@arelyssantamaria5978]

Watch out Pace

[@RICKDOEZ1]

I think her coworkers probably put her into this jam and she never noticed it. SMH

[@justinsavage3055]

Me too something ain’t right

[@angelmezarealestate]

Good God, some serious implications. I can pray for everyone involved but especially for the kids. I hope it was just laziness and not malevolent actions. Thanks for posting and helping everyone make better decisions with all your videos and your channel. 🦾🦾🦾🙏

[@chris-un4rm]

WTF ???? Why ??? what happened ??? She's amazing. ? A&E did you guys wrong man..

[@chris-un4rm]

I don't believe this... Why would she do this ? She's looking at 30 yrs.. OMG

[@Sharmichelle3]

Dang! Is this for real??

[@johnPxIV]

WTF!? I know her. 😢

[@steveh1460]

🙏

[@Mr.Thinker-]

FAFO

[@alexcameron2880]

The way the charges are described in the news, they seem to be describing wholesaling to a tee. I anticipate them aggressively going after wholesalers because of this. This will set a precedent.

[@RJBatesIII]

Definitely had nothing to do with wholesaling, at all. It had to do with the fraudulent offers and proof of funds to stop foreclosures.

[@chris-un4rm]

I agree.. I truly feel wholesaling is going to be heavily regulated in the next few years.

[@alexcameron2880]

@@RJBatesIII There are many that teach to get a phony POF letter. They already are coming down on the industry as it stands. There are tons of wholesalers submitting mock POF letters to agents. This is a result of the many get-rich-quick gurus on KZbin getting people to do the wrong things, and we will all be at risk of not being able to do this business because of it. At least not without a real estate license.

[@alexcameron2880]

@@chris-un4rm It already is in several states. You need a real estate license or are limited to one transaction a year. You also have to close it yourself.

[@kaznoff2782]

@@alexcameron2880 Not true. Do more research. Each state is different. Only a couple of states that are real red flags.