Since the collapse of the housing market and the start of the recession, the California Department of Real Estate has seen its fair share of bad real estate actors and defunct hard-money lending firms.
While the department does not keep statistics to show whether fraudulent behavior is worse in this county, Jeff Davi, commissioner of the [...]
Posts Tagged ‘estate financial’
California Department of Real Estate official discusses lending fraud
December 16th, 2009 by HardMoney Writer
Tags: District Attorney’s Office, estate financial, hard money, hard money lenders, investments, investors, lending fraud, mortgage lending, real estate
more...Hard lessons for hard money investors
December 14th, 2009 by HardMoney Writer
If it seems too good to be true, then it probably is.
That could be the mantra repeated by scores of investors entangled with several local hard money lenders responsible for San Luis Obispo County residents losing millions of dollars.
Some of the investors were professionals and business owners who considered themselves to be savvy enough to [...]
Tags: bankrupty, Business owners, estate financial, hard money, hard money lenders, Hurst Financial, investors, real estate
Estate Financial lenders maintain exposed effect quack plight prestige which investors hidden millions
October 9th, 2009 by HardMoney Writer
With no finish of emotion, Estate Financial Inc. principals Karen Guth further Joshua Yaguda pleaded hampered to whole enchilada 26 felony counts inveigh them dominion a barn door courtroom Monday character San Luis Obispo.
The charges included fraudulently selling real estate-backed securities, illegally fascinating fresh than half a million dollars besides grand or destroying fund blessing [...]
Tags: bankrupty, commercial developers, dollar, estate financial, hard money, hard money news, investors, lender, lending business, news, real estate investments, subprime mortgage