Join discussions on moving to and living in the USVI, ask questions, share info & tips! (Vacationing? Visit Travel Message Board)


Rosemary Sauter

pamela
February 04, 2010 03:15PM

Registered: 13 years ago
Posts: 924

Hi all,

Just heard a "rumor" on another board (PM me if you want the url) that Rosemary Sauter, Realtor, is missing along with lots of money. Anyone know the skinny on this one?

Pamela

Re: Rosemary Sauter

pamela
February 04, 2010 05:41PM

Registered: 13 years ago
Posts: 924

Update: Read a message reportedly from the Board of Realtors advising people not to deposit funds for property management, purchases, rentals, etc. Seems to be a real deal.

Pamela

Re: Rosemary Sauter

Juanita
February 04, 2010 07:17PM

Registered: 12 years ago
Posts: 3,107

That message was not to deposit into Remax, Dream Properties. Did not name Rosemary.

Juanita

Re: Rosemary Sauter

Lizard
February 04, 2010 07:24PM

Registered: 11 years ago
Posts: 1,842

surprisedSomtimes it's best to mind your own business! this is one of those timesthinking

Re: Rosemary Sauter

C Urchin
February 04, 2010 07:42PM

Registered: 12 years ago
Posts: 29

I received the same message from the Board of Realtors also. Unfortunately, I have funds in the ReMax escrow account. . . .

Re: Rosemary Sauter

BarefootDays
February 04, 2010 07:52PM

Registered: 10 years ago
Posts: 53

Check out this link: [www.facebook.com]

Re: Rosemary Sauter

cheryl96s
February 05, 2010 09:50PM

Registered: 10 years ago
Posts: 457

We have a property managed by ReMax Dream Properties, and we were specifically told NOT to deposit into the Remax account...The office over Banco by the Hospital and Fruit Bowl had Crime Scene tape and orange notices posted all over it I don't personally know Rosemary, but I do know that I have a stake in this game too.

Re: Rosemary Sauter

Tippi
February 06, 2010 09:03AM

Registered: 10 years ago
Posts: 523

Lizard are you aware of the Arrest Warrant?

[stthomassource.com]

Re: Rosemary Sauter

Lizard
February 06, 2010 09:37AM

Registered: 11 years ago
Posts: 1,842

Tippi,
Yes, the arrest warrant that was issued after the original posting. Are you aware of what the defense attorney stated in open court about Rosemary Sauter. Read the St Thomas Source about the trial of the three convicted VIPD's (Murder for Hire)! Again somethings are best left alone. Do you know what anyone is capable of doing?confused smiley

Re: Rosemary Sauter

pamela
February 06, 2010 10:45AM

Registered: 13 years ago
Posts: 924

Lizard et al,

I admit the same thing has run through my mind. Oddly enough the Witness Protection program - too much TV.

But the lesson of the day is that the US Virgins need to come up to speed on escrow accounts. I was a REALTOR in the states for many years. The escrow accounts there could almost literally not be touched without some machinations at the highest level involving several people. Title companies, etc. were licensed and bonded. Your money was safe. Checks do not bounce when written on escrow accounts.

Trust accounts, as we use them in the Virgins, are not the same. Yes, they may require two signatures but there is no one involved who is insured and bonded and responsible for the money. At least to the best of my knowledge. Some attorneys may hold escrow funds and comply with state side regulations.

All of that said, we need to take that lesson away with us. When giving large amounts of money (whatever that means to you) to someone, request to see the legal documents insuring your money is safe.

If Rosemary is in other trouble I know we all hope she returns to us safe.

Pamela

Pamela

Re: Rosemary Sauter

Tippi
February 06, 2010 11:12AM

Registered: 10 years ago
Posts: 523

I feel for the people who lost money. Whether it be property owners, people purchasing, those in the lotto of the house, people coming on vacation. Her actions far exceed escrow accounting.

SB Lizard - Yes, I've read it.

Re: Rosemary Sauter

Lizard
February 06, 2010 11:41AM

Registered: 11 years ago
Posts: 1,842

Pamela,
It wasn't the convicted VIPD's accused of Murder for Hire!

Regarding Trust and Escrow Accounts There is no Federal Law Which requires Insurance and Bonding in the upper 50 States. That is not to say some States may have a license requirement for the Licensed RE Broker to maintain a Trust or Rental escrow account as a fiduciary to be insured and or bonded, however it is not a universal practice by all the States. Most States require that Trust and escrow account be deposited in a FDIC Bank (that's why the FBI is involved in the RE/MAX Dream Properties Case).thinking

Re: Rosemary Sauter

Tippi
February 07, 2010 09:38AM

Registered: 10 years ago
Posts: 523

Any updates?

Re: Rosemary Sauter

cheryl96s
February 07, 2010 04:02PM

Registered: 10 years ago
Posts: 457

We were told yesterday, from our Realtor at Remax, that she is really not even sure if our "last and security deposit" is in the escrow account.

Re: Rosemary Sauter

pamela
February 07, 2010 07:11PM

Registered: 13 years ago
Posts: 924

I doubt anyone knows what is the "escrow" account at this point. Sure it will all come out once an audit is performed. I don't believe you, Cheryl, can be penalized if funds are not there.

Pamela

Re: Rosemary Sauter

ms411
February 07, 2010 08:14PM

Registered: 8 years ago
Posts: 3,511

I would get a copy of the check to see exactly who endorsed it and what account it went into.

Re: Rosemary Sauter

stcmike
February 08, 2010 08:12PM

Registered: 10 years ago
Posts: 240

I admit I am slow on this one but what does R, Sauter have to do with the police corruption charges? This would have been a great topic for Free Speach Radio.

Re: Rosemary Sauter

Tippi
February 13, 2010 03:47PM

Registered: 10 years ago
Posts: 523

Any updates?

Re: Rosemary Sauter

ms411
February 13, 2010 07:21PM

Registered: 8 years ago
Posts: 3,511

Tippi, there are no updates - only rumors. Everybody is "so shocked" that she wold do something like this and disappear without a trace leaving her family behind. I'm going to re-watch "Body Heat," because this situation made me think of that movie.

Re: Rosemary Sauter

Bratt
February 14, 2010 11:24AM

Registered: 8 years ago
Posts: 289

I am really not sure why people are so shocked......it happens all the time..................greed breeds contempt..........

Re: Rosemary Sauter

cheetah
February 14, 2010 04:32PM

Registered: 8 years ago
Posts: 9

Any news? She is our former realtor and I'd be shocked if there wasn't more to this... Hope she's okay...

Re: Rosemary Sauter

Ben Dover
February 16, 2010 08:50PM

Registered: 8 years ago
Posts: 1

You hope she's okay? What are you, nuts? The woman is crocked through and through for crying out loud! And you hope the poor thing is okay? I hope you're not losing too much sleep over it. How about hoping the people she robbed of their life savings are okay? I personally hope she's little more than a source of food for the fish. No, sorry, that's not fair to the fish.

Re: Rosemary Sauter
avatar

Exit Zero
February 16, 2010 09:27PM

Registered: 10 years ago
Posts: 2,253

Mr Dover -- Pleasant 1st post -- welcome to a helpful forum.

Re: Rosemary Sauter

cheetah
February 16, 2010 10:21PM

Registered: 8 years ago
Posts: 9

@ben dover: she has a family, was a witness for the prosecution in a corrupt system. But, as I see it ( and i lived in the VI for years)... there may be a bit more to this...

Re: Rosemary Sauter

sejg
February 16, 2010 10:24PM

Registered: 8 years ago
Posts: 24

Mr. Ben Dover, we would like to know what happened. No way to know as of yet. But for now, let's keep our focus on facts.

Join the discussion. Click the button below to Login or Register now!

Click here to login

  • Blue Ocean Transport

Moving to the U.S. Virgin Islands?

Settlers Handbook
Only $17.95

The Settlers Handbook for the U.S. Virgin Islands is your guide to moving to St. Croix, St. Thomas, St. John and Water Island.

The current 18th Edition, released in January 2016, will help you explore your dream of island living. A solid reference book, it was first published in 1975. That's 40 years of helping people move to the islands. A must read. Order today.

Order Today

Advertise

Join VIMovingCenter.com Today!

Tell prospective and current residents about your business.

Learn More →

Sister Sites

VITraders

USVI Books & Souvenirs

VInow

USVI Vacation Guide

Living in de V.I.

USVI Relocation DVD

Proud Supporter

VI Olympic Team

For over 45 years, the Virgin Islands has celebrated the Olympic tradition by sending our athletes to compete.

Learn More →