Today we continue to follow the career of our "favorite" Sales Manager and Associate Vice President at Fannie Mae Lea France. For a while now we were wondering how a person with such poor management skills, an abusive personality and below the market sales record managed to become an Associate Vice President at Fannie Mae and succeeded at this position for many years? Why would they let her manage sales in different parts of the country and give her control over a significant inventory? We started to doubt it is just the job performance and decided to check out our state sales records. Please tell me it is a pure coincidence that when she started to manage sales in our area last year an out of state investor - California based Orchard Terrace Estates LLC all of a sudden became extremely lucky in acquiring Fannie Mae properties at a great discount just to flip them few months later. Check out these public records:
https://recorder.maricopa.gov/recdocdata/GetRecDataPaging.aspx?biz1=ORCHARD+TERRACE+ESTATES+LLC&biz2=&fn1=&mn1=&ln1=&fn2=&mn2=&ln2=&begdt=01/01/1947&enddt=7/31/2011&doc1=&doc2=&doc3=&doc4=&doc5=
The good news for our state - Lea France stopped managing sales here earlier this year and we do not see a lot of shady sales to this investor any more. You know, coincidences happen.
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