The Insurance Journal recently reported that the "Texas Attorney General Greg Abbott announced he has filed a court action to stop an El Paso, Texas, father and his two sons who operate an unlicensed "real estate" business from illegally taking earnest money from potential homeowners when the properties offered for sale face imminent foreclosures."
According to the story, "The suit also freezes the assets of Nebram Enterprises, operated by Gilberto Romo and his sons, Edward and Paul Romo, and stops the trio from soliciting money from consumers for property they have no right to offer for sale. They must also obtain a proper license from the Texas Real Estate Commission (TREC) before conducting any further business in Texas."
Read the full article online.
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