Now We Can’t Even Trust Our Real Estate Lawyers?

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It seems like I’ve been on a bit of a roll today, highlighting many of the downsides of the real estate world. Sadly, there is just more bad news to tell you about.

Apparently an attorney in Westchester, New York was arraigned today for stealing almost $100,000 owed to her client, a homeowner that she represented in a foreclosure sale.

Last January, she allegedly received about $312,000 on behalf of the homeowner, then told the client that she deposited nearly $97,592 of that with the Westchester County Commissioner of Finance, saying it was “surplus” money remaining after payment of the outstanding mortgage, taxes and other expenses related to the foreclosure.

Rather than depositing the money, however, for personal and business expenses.

She was arrested today following an investigation by the District Attorney’s Public Integrity Bureau. She managed to pay the bail of $7,500 cash or $20,000 bond. She is due in Elmsford Town Court on Wednesday.

Not only are they sharks, but real estate lawyers are also finks, I guess.

Now . . . I could have told you that before all of this happened, couldn’t I?

Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.