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Lamb Realty

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CALIFORNIA | LOCAL
January 10, 1992 | CHRISTOPHER PUMMER and CAITLIN ROTHER, SPECIAL TO THE TIMES
The FBI is investigating Ventura County's largest independent real estate brokerage for possible bank fraud violations, The Times has learned. Lamb Realty and an escrow firm also owned by Ray E. Lamb allegedly overstated to lenders the selling prices of homes so that the excess amount could be used by buyers who lacked the necessary down payment to qualify for mortgages, real estate sources said.
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CALIFORNIA | LOCAL
January 12, 1992 | CHRISTOPHER PUMMER and CAITLIN ROTHER, SPECIAL TO THE TIMES
The FBI is investigating a Ventura County real estate brokerage that also operates in the San Fernando Valley for possible bank fraud violations, The Times has learned. Lamb Realty and an escrow firm also owned by Ray E. Lamb allegedly overstated to lenders the selling prices of homes so that the excess amount could be used by buyers who lacked the necessary down payment to qualify for mortgages, real estate sources said.
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NEWS
January 10, 1992 | CHRISTOPHER PUMMER and CAITLIN ROTHER, SPECIAL TO THE TIMES
The FBI is investigating Ventura County's largest independent real estate broker for possible bank fraud, The Times has learned. Lamb Realty and an escrow company also owned by Ray E. Lamb allegedly overstated to lenders the values of homes for sale, so the excess amount could be used as down payments by buyers who otherwise would not qualify for the loans, real estate sources said.
NEWS
January 10, 1992 | CHRISTOPHER PUMMER and CAITLIN ROTHER, SPECIAL TO THE TIMES
The FBI is investigating Ventura County's largest independent real estate broker for possible bank fraud, The Times has learned. Lamb Realty and an escrow company also owned by Ray E. Lamb allegedly overstated to lenders the values of homes for sale, so the excess amount could be used as down payments by buyers who otherwise would not qualify for the loans, real estate sources said.
CALIFORNIA | LOCAL
March 9, 1991 | JACK SEARLES, SPECIAL TO THE TIMES
Ventura County's largest independently owned real estate broker, Lamb Realty, had its license revoked eight months ago for negligence and improper supervision of its agents but has been allowed to remain open under close state supervision, the state Department of Real Estate disclosed Friday.
CALIFORNIA | LOCAL
March 10, 1991 | JACK SEARLES, SPECIAL TO THE TIMES
Lamb Realty, which has eight branches in Los Angeles and Ventura counties, had its license revoked eight months ago for negligence and improper supervision of its agents but has been allowed to remain open under close state supervision.
BUSINESS
August 24, 1993 | JACK SEARLES
Three formerly company-owned Coldwell Banker real estate offices in Ventura County have been sold to a Santa Monica company that will operate them as Coldwell franchises. In a related move, the Coldwell Banker unit in Camarillo has moved into the Lamb Realty office in that city and Lamb, a fixture in Camarillo real estate since the 1970s, has shut down its Camarillo operation. The countywide realignment affects about 100 real estate agents in Ventura, Camarillo and Simi Valley.
REAL ESTATE
November 11, 1990
An auction offering 23 new contemporary townhouses in Calabasas will be conducted at 3 p.m. Nov. 25 at the Warner Center Hilton in Woodland Hills. Minimum bids have been set at $150,000, reflecting major discounts for homes previously priced from $250,000 to $349,000. The tree-level units are situated in a rural, hilly setting at 5340 Las Virgenes Road in Calabasas. Floor plans include two to four bedrooms and 2 1/2 baths, two-car garages, private balconies and fireplaces.
CALIFORNIA | LOCAL
June 10, 1998 | PAMELA J. JOHNSON and MIGUEL BUSTILLO, SPECIAL TO THE TIMES
Ray Emery Lamb, once the chief of Ventura County's largest real estate brokerage, pleaded guilty Tuesday to federal fraud charges of hiding assets after his firm had declared bankruptcy. Lamb, 50, entered the plea before U.S. District Judge Audrey B. Collins, who is scheduled to sentence him Aug. 31 in Los Angeles, Assistant U.S. Atty. Leslie A. Swain said. Lamb faces up to five years in prison and a $25,000 fine, Swain said.
CALIFORNIA | LOCAL
March 9, 1991 | JACK SEARLES, SPECIAL TO THE TIMES
Ventura County's largest independently owned real estate broker, Lamb Realty, had its license revoked eight months ago for negligence and improper supervision of its agents but has been allowed to remain open under close state supervision, the state Department of Real Estate disclosed Friday.
CALIFORNIA | LOCAL
September 14, 1991 | MACK REED
Two homeowners in the Oxnard Dunes subdivision sued a neighboring homeowners association Friday, claiming that association members trespassed on their property to remove protest signs. The signs protested the toxic chemicals buried beneath the houses. Dunes residents Stephen Blanchard and Lynda Paxton filed the suit in Ventura County Superior Court against the Oxnard Shores Community Assn., Lamb Realty and real estate agent Thomas Conway, charging that Conway acted on the association's behalf.
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