Legal Question in Real Estate Law in California
The broker was Nelson Shelton and Associates and the agent was named Ronald J Nelson. As I said before, Ronald Nelson was criminally charged, convicted and served time. He ultimately loss his license.
The basis of the lawsuit is under the broker's duties under respondent superior, failure to supervise and the other question is to what extent they are liable, due to the fact that the property was lost to foreclosure 1 year after his conviction and 2 1/2 years after his last physical act, which included $150k in property damages due to violent vandalism on his part.
1 Answer from Attorneys
You probably could sue on the basis that the actions are not covered under the purchase agreement but the agreement gives you a 4 year statute of limitations and the property damage by itself would be a tort with suit having to be filed within 2 years of the incident [I am not sure in your case if being in jail holds the time in abeyance for filing suit or serving him]. There is a statute of limitations on fraud [off the top of my head i think it is within 1 year of discovery and 3 years of when a reasonable period should have discovered it].
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