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Update: EFI’s bankruptcy expectations

June 29, 2008

By KAREN VELIE

Estate Financial Inc. (EFI) will remain in bankruptcy for at least the next few months and at the same time independent evaluator Hanno Powell will continue his audit, the Fresno attorney said earlier this week.

A “complete evaluation” of EFI’s books was ordered during a June 16 San Luis Obispo Superior Court hearing. During that hearing, a group of investors requested the court appoint a receiver to oversee the company’s $170 million mortgage fund. A week later, the Department of Corporations, on behalf of the people of California, joined the plaintiffs in their request.

In an unrelated action, a group of creditors forced EFI into Chapter 11 bankruptcy proceedings in a Santa Barbara’s Central District of California United States Bankruptcy Court June 25. According to Powell, the bankruptcy proceeding would normally have canceled his evaluation, but he said this is not the case with EFI.

Under Chapter 11 bankruptcy, the court supervises the restructuring of the company and its debts, some of which can be partially or completely dismissed. Traditionally, the company comes out on top, followed by creditors, and then investors.

However, all creditors have a right to be heard by the court and receive fair and equitable treatment. As to EFI’s bankruptcy, investors may end up as creditors. EFI’s owners Karen Guth and Joshua Yaguda, if found responsible for the fund’s financial decline, may not fare well in the court proceedings.

“As the facts bear out, many investors may end up as creditors,” Powell said.

Two of the plaintiffs listed on the bankruptcy petition, James and Kathleen Scott, started as investors. However, the couple claims that because EFI failed to list them on the deed of trust on one loan and failed to pay them their proceeds on the sale of another, they are now creditors.

“No one can evaluate the effect on creditors until bankruptcy schedules listing all assets, liabilities, and creditors are filed with the court,” Powell added. “Because it is an involuntary bankruptcy, the schedule will probably take several months. I don’t know if anyone can give an accurate assessment of how this will affect the investors.”

Tags:, bankruptcy, EFI, Estate Financial, guth, paso robles, yaguda


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By: Anonymous on 3/30/08

Ron, check your email. Jill wrote you.

By: Anonymous on 3/30/08

Rabbit: Any idae how we can get a hold of these fired employees. I bet they have a wealth of information. Thanks for the idea. If you give me the leads I WILL track them down.

By: Anonymous on 3/30/08

Someone should request Darla Paulsen, former emoloyee of EFI and a senior funding administrater, to discuss the reasons for her termination-also the secret internal actions of EFI.

By: Anonymous on 3/30/08

Has there been any new articles written about this situation?

By: Anonymous on 3/28/08

RJA,

I am also an investor on lot #19 Capado& Regio. I have a 26% interest in this project

and would like to get together with you and some of the other investors to take control and action of this property.

Nothing was disclosed about this house being an unsold rental for low income people.

I have received an LLC proposal from EF which I do not want to sign until I know our situation completely.

I have a list of all the other investor names but no telephone#'s/ or addresses.

I live in Templeton and it would be easy to review this property in person. Some other bloggers say it is only 1000 sq feet. I tend to believe my file folder notes showing 1385 sq. feet

and confirmed by walking thru the house last week.

Mel McCullough is handling this project for EF but information from him is sketchy and incomplete.

What are your comments and thoughts?

By: Anonymous on 3/28/08

Sign up for the new LLC with EFI, you will also be liable for additional charges and expenses as EFI wants. You trusted them before, got cheated and robbed, why would you trust them Now?

By: Anonymous on 3/28/08

People who are in the Mortgage Fund, I heard there was an initial fee charged to get into this fund. Yet many people weren't told about this. Has anyone heard of this? The reason I ask is…..I thought

1 share = $1. 1000 shares equals 1 unit. Say you invest $100,000 wouldn't you have 100

units? Anyone seeing on their statements unit amounts less than your investment? Somethin close to 5% less. Mine shows a lesser unit amount by about that percentage. Does yours? Can anyone explain that to me?

By: Anonymous on 3/27/08

Victims of EF or 21st Century:go here to get a form to complain to the DRE. http://www.dre.ca.gov/pdf_docs/forms/re519.pdf. Send it in to the Fresno office. I had a long talk with them, they want to hear from you.

Anyone out there that lost money at 21st Century? If there is an investigation I have a bit of info to offer. riki77@gmail.com

By: Anonymous on 3/27/08

I would follow Pets's advise and act NOW. Why is Karen waiting 2 months to address the problems that exist today. All of you should be seeking legal advise regarding foreclosures and getting your investments into your names instead of Ms. Houdini-who may disappear like another representative did doing these hard money loans.

By: Anonymous on 3/26/08

One victim of EF reported today Karen Guth has offered to hold a 'forum' to clear the air-in JULY!!! I thought it would be reported here by now. Don't anyone agree to that, Take action now, make those calls to various agencies (and harangue the DA). Move now, move fast. If Karen is a crook she'll be long gone by July.


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By: Anonymous on 3/26/08

Really folks, listen up! If you think fraud has been committed, even if you are not sure, take action! Just because Snoopey wrote in saying an investigation has started doesn't mean you should feel relieved. Who knows who Snoopey is??? Who knows, maybe there is no investigation going on at all and this person just wrote in to give you a sense of relief hoping you'll back off. These agencies most likely aren't aware of YOUR particular property or problem unless you contact them so don't sit on your fanny! Do something now! Take a day off of work if you have to – JUST DO IT!

By: Anonymous on 3/26/08

I mistakenly used the workforce housing value in the prior calculation instead of the moderate value.

By: Anonymous on 3/26/08

RJA & Lot 19 Investors


Checking the "Affordable Housing Standards" issued by the county on 3-11-08 the houses that are designated as "affordable" are allocated the following values. For a 2 bedroom house the very extremely low price is $35k, very low income is $70k, lower income is $105k, moderate income is $208k and workforce is $291k.

Rents range from $434 to $2168 per month. rents also include utilities.

Most of these "affordable" houses are designated in the moderate category. If that is the case the maximum selling price is $291k and it appears the project has been funded $356,750. If sold at the $291k allocated sales price and then you deduct sales cost it could possibly cost the investors close to $80k plus the cost to complete the house to sell the home.

If this house is truly designated "affordable" or "workforce" (check with the city) it appears you may have a very strong case against EF.

This not legal advise just information.

By: Anonymous on 3/26/08

Hello, RJA

I am on the Loan, Lot 19,on the Corner of Copado & Reqio also. please call me, Bob at 805/227-6599. Why don't you put your number out so we can call you?

By: Anonymous on 3/26/08

I have been just looking around and i feel so sorry for you EFI investors. I found the most gross and mismanagement of your funds.

In most of all loans to projects, EFI has over 51% control because the Mortgage Fund is invested in the different loans/projects, and Karen Guth and Joshua Yaguda vote for the Mortgage Fund!My investigating team has found that most projects are out of loan to value; more money has been loaned to the project than what it is worth. Houses are less sq.ft than what was loaned for. Money has been fully funded to contractors and there is no construction or infrastructure, only dirt.

If you have found similar discrepancies in your loan packages and want to complain to someone about this, you may want to call the attorney with the Dept. of Corporations at

916-322-6067; and Debbie with the SLO County DA's office at 805-781-4692.

Mr. Otto with the FBI at

805-346-2728.

These departments now have an open investigation on EFI and want to hear from you.

By: Anonymous on 3/25/08

RJA


You may have opened up a whole new can of worms on Lot 19. If that house was designated one of the homes in the project as "affordable housing" that takes a great part of the value and marketability away. The city of Atascadero deed restricts these "affordable" homes for a period of, I think, 30 years. The sales price is determined by a percentage of market values and income of the potential buyer. That house, if deed restricted, probably can't sell for over $265,000 to $300,000. That formula stays in place for the 30 year period. There is no room for the owner to get back any fair portion of appreciation should the house ever sell. This is probably the reason you were told it was going to be a rental. This definetly should have been disclosed to you. If this is true the project was over financed by at least $50,000 and is still not completed, Because of the deed restriction it just sits because there is little or no profit to be had. I'm sure there are more houses in the project that are also deed restricted as "affordable."


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By: Anonymous on 3/25/08

Gotcond: My heart goes out to you! Obviously, Don appears to have no integrity!! I'd rather die poor and know I was fair with people than screw over folks so I can feel a sense of empowerment. Too bad that's what these people are seeking! I bet Don and others like him, are constantly looking over their shoulders. If they aren't, they should be. Money doesn't make who you are, I just wish these low-lifers with fat pockets can see this. They think their money buys respect but they are wrong! – integrity does! I hope you were successful suing him. And BTW, 'those of the same feather flock together' – keep that in mind!

By: Anonymous on 3/25/08

Tread carefully! Don Vaughn used to be the owner of estate financial and considers himself a consultant? He is also the owner of All American Foreclosure and foreclosed on a property i had with Country Financial. Just to let you know the scenario. Mr. Vaughn agreed to a loan for $700K for the development of a lot split small subdivision. He wrote the note for $700K charged points on $700K and funded the loan for $575K. I went through the plans, city etc. and when i went back to get the rest of the $$$$ for the offsite improvements he flat out just told me "he didnt have the money". The money that was supposed to be held in an escrow account. Mr. Vaughn proceeded to foreclose on the project through his company All American Foreclosure, bought the property on the court house steps for below market value, sued me for a deficiency judgement of over $300K and now has the project on the market for sale at twice what he bought it for.

By: Anonymous on 3/25/08

RE: Lot 19, the corner of Copado and Regio. If you are on this note, please respond. I am a co-trustee for $25,000.00 vested on this property. The house a "sold" sign in the window though is not complete. I was told by an agent in the R.E. office that has the listings from the developer/builder exclusively that this house is "marked sold" as they can not sell it as it is to remain owned by the developer/builder to be retained as a rental property for low income or Atascadero Workforce. If you have further info, I have already contacted an attorney who has requested info from E.F. (Estate Financial) which has provided us copy of the the note and as I am aware, never was it disclosed to my vestor or on any statements that this home was not going to be built and sold to the public. Money was used to complete projects that they could likely sell and the house remains incomplete, as EF says for a sum of approx $35,000.00. At this point what is happening with the profits on those already sold and why isn't this home complete as the overall project was never to start unless the project was "already fully funded"? Looking forward to putting any leins against the funds and assets of the personal interests of all the principals of builder/developer as well as the lender. I was told by the EF office staff after payments were three months in arrears that they were not going to foreclose as "they had to protect their borrowers"…I guess we know why now. They are in default, however where are the continued statements on the investors principal as well as the accruals? EF is so far off in holding fiduciary responsibility that I would not allow them further control to finish or manage for an owned low income rental property.

By: Anonymous on 3/25/08

Folks, our money is gone. If we recover 25% we will be lucky. I have well over $200,000 in the Mortgage Fund and have filed complaints with the Dept of Corporations, Dept of Real Estate and the State Attorney General. My hope is to get an investigation of Estate Financial and the other LLC's they are involed in and prevent Karen Guth from establishing additonal LLCs to move money into and or shift liability to us. I hope the rest of you are not just setting back and waiting. I also suspect the Mortgage Fund probably has a piece of almost every loan.

By: Anonymous on 3/25/08

whereismymoney


Is your project at the corner of Copado and Regis? There is a sign out front that identifies it as Lot 19. If it is, that house is just a little over 1000sq.ft which really puts the previous numbers for the 1700 sq. ft. numbers way off. If this is it, it appears there could be 100% financing for the entire project, not just construction or there is something very starnge going on.


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By: Anonymous on 3/25/08

whereismymoney


You need to check your numbers carefully. You say the project is 95% complete and it will take $35,000 to complete. A quick numbers check, 5% of $700,000 is $35,000.

There has been $356,750 borrowed on the property for construction. The largest house I can find in the project is 1700+ sq. ft., that puts the building cost at approximately $210 a sq. ft.. If you put in the additional $35,000 that brings the building cost up to around $230 per sq. ft.. You can have a very very nice custom home built for that amount at retail value not builders cost.

The 42% from EF may be from the pool fund. Those people really need to find out where their money is.

On top of all of this I'm guessing that there are probably back taxes, mechanical liens and possibly additional permit fees. Additional fees are sometimes charged when there has been no activity on a project for 180 days or more. Unfortunately your in Atascadero which is fee city. The owner/builder may also be responsible for past homeowner association fees depending how the agreement is written up.

By: Anonymous on 3/25/08

Apn # 025-402-068 was the tract number. This number was changed into 025-601-001 thru 025-601-007 and 025-602-001 thru 010 for individual lots.

By: Anonymous on 3/24/08

dewdog,

Thanks for your response pn the Oak Grove/Doya project.

The house is 95% complete and need about $35000 dollars more work to finish it.

I see that Estate Financial Mortgage fund hold 42% ownership and I have 20% as the second largest owner, and 9 others make up the balance.

The APN # 049-104-019, loan amount $306,750 is correct.

I don't know any thing about the additional $50000 loaned out…

The Loan # is B689-04


Hoe can EF put the mortgage fund in on our individual loans.

They have done this on all of my other 11 loans.

Isn't this illegal mixing of funds

with huge conflict of interest issues/

Should i be sueing them to get the money back, or what?

By: Anonymous on 3/24/08

INVESTORS


You can't just COMPLAIN to the District Attorney. Like all of the local police departments do, you have to take your case to the District Attorney. What does that mean?

Get all of your paperwork in order. Find out where your money was earmarked to go. Get the cost breakdown and a disbursement of funds statement. Visit the location where your project is and determine what misuse of your funds have occurred if any. Then if you have EVIDENCE that you were defrauded or if your funds were comingled then take your evidence to the DA and demand that a complaint be filed against the responsible person who you think violated you.

These are just suggestions and not legal advise.

By: Anonymous on 3/24/08

Dewdog,

Thanks for trying.

By: Anonymous on 3/24/08

Why bother with the DA?

It takes someone from the outside, not even State agencies.


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By: Anonymous on 3/24/08

Seems that all the loans are from 2004. HWhat hapened since than?

By: Anonymous on 3/24/08

Seems that all the loans are from 2004. HWhat hapened since than?

By: Anonymous on 3/24/08

Get on the DA. He will not respond with out heavy pressure.


These people are classic cons and will continue to steal your money if you let them.


Also remember, this is an election year for the BOS. Get them involved and don't be shocked if they are connected.

By: Anonymous on 3/24/08

Well, isn't it nice of Karen to give you the opportunity to loose more money while she would be collecting more fees and having her expenses paid. Jsu sign for the new loan and make sure you have enough to cover the potential payments. If you can't make the future payments, you will not only be in default, but potentia liable for more. WOW WOW what an audacity!!!!!!!!!

By: Anonymous on 3/24/08

WORRIED


I could not find anything with that APN either in DataQuick for that number or anything that is related to Doya. There is nothing that corresponds to the APN in the MLS computer system either.

Do you have an address or possibly a legal description like tract# and lot#?

I would suggest signing nothing until you know exactly what is going on. I'm not that familar with the LLC that everyone is talking about. You need to know what amount of money is encumbered on your project and where that money has gone. I wouldn't add more money if the project has been financed adequately already.

By: Anonymous on 3/24/08

Dewdog

Do you have any information on Doya in Paso Robles that Es Fin is trying to form an LLC on so they can borrow more money to finish – APN#025-402068? Thanks so much.

By: Anonymous on 3/24/08

Folks – thanks for the guidance. My email is arleneversaw@charter.net. I'd appreciate being included in future meetings, emails, etc. thanks.

By: Anonymous on 3/24/08

ALL WHO OUR IN DOYA PARTNERS, ON MONTEBELL OAKS DR, AND ARE ASKED TO JOIN THE RENASCENT PROPERTY HOLDING 100,LLC..LOOK OUT!!!!

The Company has been formed to acquire title to all the property located in Paso Robles on your loans No B556-04,B561-04,B562-04,B581-04,B583-04,B558-04,B570-04,B582-04,B557-04,B569-04,B577-04,B560-B563-04 and take out a new loan in your name to complete the DEVELOPMENT OF Real Property, Estate Financial is going to Rent or Lease in your name. and if Karen don't RENT them out, you well pay the new loan that well be in your name,poor Karen is only going to be making about $54000, per year on this plus all out-of-pocket organization and syndication expenses and all operating and administrative expenses of the Company.


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By: Anonymous on 3/24/08

sorry, Lot 10 is Tract 2571 is at 406 Montebello Oaks Dr.

Please no boby put your signature on 100,LLC.

By: Anonymous on 3/24/08

HELP ME:

your note on tract 2571 lot 10. WHERE IS THE PROPERTY? we have lot 6. we need to see it also.

thanks

By: Anonymous on 3/24/08

Lot 10, Tract 2571 Doya Parthners,LLC. NEW CONSTRUCTION OF A 1796 SQ FT, 4 BEDROOM, 2.5 BATH, 2 CAR GARAGE HOME. Loan Amount:317,443.00/15months, Loan to Value Ratio:70% The Appraised/Market Value:$449,000.00. Doya Partners payed $140,383.00 for the Land. Well after going to see this House it's only 1/2 compleated and there only 3 bedrooms and it's only 1500 sq ft, Now Joshua Yaguda (Estate Financial,) Wants me to join RENASCENT PROPERTY HOLDING 100,LLC. And Estate Financial Mortgage fund LLC is a Mumber and invester in and IS OVER 51% OWNER of the house, What can i do? Please call Don Vaughn at 805/226-5170 for guestions you may have

By: Anonymous on 3/23/08

I agree with you DewDog. The amount was recorded against the property. Fees and expenses taken out of loan proceeds, but money was slow to pay bills. Accounts were comingled, not segregated as it should have been. Meanwhile, time passed with no production and homes would be sitting unfinished. EFI was always eager to refi. for the additional fees and spread on the rates it paid to investors and collected from borrowers. At the same time, money sitting in bank was collecting interest to the benefit of EFI.As longh as the music was good to all, it did not matter much. Now that the property values have declined, homes sitting unfinished, (non-marketable), investors, borrowers are all screwed. The question is, where was the money, what projects were paid on time. Was it the ones EFI was involved with, or the money simply went into personal use? Sooner we dig into EFI's records the better for all concerned Giving EFI authorization to borrow against properties with investors signing on the loan docs, will only excerbate the already serious problem. Everyone must dig into EFI's dealings with all it's LLCs and ventures than just follow the money. Provided there is any left at this point. Things will get nastier as we dig deeper.

By: Anonymous on 3/23/08

ONE MORE


Saying the money was not available when needed may be true. Although if you invested your money to a particular project that money loan was put against that property. That means EF encumbered the property, let's say for the $279,500 as mentioned before, but may have only given the builder an amount of money that was less than that amount. Where is the balance of the money? If it went somewhere else that is co-mingling of funds, that's against the law. Should the property ever sell, once again using the $279,500 figure that amount will come out of escrow and go to EF and then hopefuuly back to you less costs to you know who.

You all need to immediately DEMAND a cost breakdown sheet,a disbursement of funds statement and the original appraisal from EF.

FOLLOW THE MONEY.

By: Anonymous on 3/23/08

Unfortunately, money was not available when needed, so the additional interest taxes, maint. and other cost consumed any and most equity. With the market downturn, if there woukld have been any equity, it is gone. Good luck. We all question "where is the money"?

By: Anonymous on 3/23/08

For those of you who have invested the $297,500 into homes on Montebello Oaks that are unbfinished you should act as quickly as possibel. Some of the smaller homes are less than 1500 sq. ft.. If EF was lending at a 70% LTV and the loan was a construction loan they would have had to have an appraisal of around $400,000 for the house only to come up with the $279,000 if it were for construction only. If it is for land and construction then there has to be some equity in the land prior to the loan which is good for you. If it is only for construction and the house is one of the smaller ones then there was MORE than enough money for the construction of the house. Where has your money gone. Do your homework and find out where and what you have invested in and take the appropriate action. It's your money.


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By: Anonymous on 3/23/08

To all – I am writing for the good of all. I, too, have money at EFI. I would like to compile a narrative of everyones stories concerning their investments with Estate Financial. Please write regardless of how big or small you feel your situation is and regardless if EFI has promised you they will resolve your issue soon (as they have so falsely promised me). This is strictly confidential. I feel time is of the essence here. I can help you get your complaints to the proper agencies. Your rapid response is essential here as events may be commencing next week which will significantly advance our cause – but ONLY, ONLY, if you write in!!! No I'm not a lawyer. I do realize some of you may have lawyers and feel you can't discuss your situation. That's fine, but whatever you can state, please do. This is essential to recovering as much of our investments as possible. My email address is fullyfunded93401@yahoo.com


Dewdog and Cooper: I really need to hear from you both Thanks!

By: Anonymous on 3/23/08

Anyone know how Hurst, Country Financial, Stinchfield etc are doing? Are EFI investors involved there too?

Are the fractional TD's via EFI in trouble like the bundled groups are?

By: Anonymous on 3/23/08

Should we cry or laugh? Anyone wants to have more tax deduction, just give EFI and any new LLC more money than also be hooked on additional costs. Rather, just give them money as a charity. They may need it for defense attorneis.

By: Anonymous on 3/23/08

PLEASE!!!! – DO NOT SIGN ANY OPERATING AGREEMENTS THAT WILL ALLOW KAREN TO FORM ANY MORE LLC's. SHE ONLY NEEDS TO GET THE SIGNATURES OF 51% AND THEN SHE HAS THE POWER TO INCUR MORE DEBT IN YOUR NAME. IF SHE BORROWS MONEY UNDER THE LLC OF WHICH YOU ARE A PARTNER, AND PUTS THE MONEY IN THE PROJECT, AND THEN IT DOESN'T SELL OR SHE THEN NEEDS EVEN MORE MONEY TO COMPLETE THE PROJECT, THE LLC CAN BE FORECLOSED UPON AND THEN YOU WILL BE OUT NOT ONLY YOUR INITIAL INVESTMENT BUT ALSO BE LIABLE FOR THE NEW LOAN THAT SHE TOOK UNDER THE NEWLY FORMED LLC. DO NOT GIVE HER ANY MORE CONTROL OVER YOUR INVESTMENT. PLEASE WAIT UNTIL THE DISTRICT ATTORNEY AND REGULATING AGENCIES HAVE LOOKED INTO THE OPERATION OF ESTATE FINANCIAL.

By: Anonymous on 3/23/08

HELP ME


Like I've said before you have to get these projects into your name and out of the control of EF. There may be tax and mechanical liens on the property which will add to your cost or loss which ever way you look at it. Once again go to a title company and get a title report to find out the status of the property. I would check with a contractor and find out what the actual cost to complete the project is. If I were in your position I would probably have lost any trust with EF and/or Doya. Taking control of your project will reduce your losses.

By: Anonymous on 3/23/08

I receved the operating agreement on Renascent Property Holding 100, LLC. That is Doya Partners, LLC. The homes on Montebello Oaks Dr. Article 111, The Compensation of Manager, The Manager shell receive 1% per year plus all out-of-pocket organization and syndication expenss and all operating and administrative expenses of the Company. Let's See now, If you invested $300,000. and its going to take another $100,000 to complete the house that's $400,000, 1% is $4000. plus taxis,$3000 per year, your payment on the new loan $600. p/m insurence,upkeep,$200/M and you might get $1000/M rent..Please tell me how we make any money!!! out of the deal, So please befor you put your signature on the LLC give Joshua Yaguda a call at 805-238-6570..You need to understand..

By: Anonymous on 3/22/08

Pete

Just scroll down 2 stories from this one and it will tell you how to donate.


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By: Anonymous on 3/22/08

Let's all not forget Dan and Karen. They have written some great stories and enabled many to perhaps recover their money before it is too late. I hope their efforts will not go unrewarded by the readers here. They are not making any money off this muckraking, let's help them help us by sending in some bucks. Perhaps Dan or Karen will post a note on how we can do that, I don't see any link on the site.

By: Anonymous on 3/22/08

Hello FYI, I have a loan number B557-04 its in 409 Montebello Oaks Dr, Paso Robles, The Subject Property is lot 5, Tract 2571 The loan was for $297,500.00 in Dec of 2004, The house is about 1/2 completed…John

By: Anonymous on 3/22/08

FYI


Do you have a lot#?

By: Anonymous on 3/22/08

ALL INVESTORS:

B558-04

is anyone else invested in this property? missing address and APN#. i'm also contacting EFC next week.

thanks

By: Anonymous on 3/22/08

DEWDOG:

thanks for the info. back of construction d of t there is an APN: but no APN. i know, don't say it. i will get it next week.

By: Anonymous on 3/22/08

FYI

Many properties come up for Doya Partners on Kleck Rd. although there is no loan information attached to the properties. But if you go into the MLS system and run the APN they come back to addresses on Montebello Oaks. The photos show the house uncompleted at different stages although the homes have been on the market for over 1 1/2 years. The last time I drove by that area I did see several homes that were in the framing stages and appeared to have been sitting and wasting away. Look again at your paperwork and see if you have anything that identifies the property where you think your money went. The APN'S start with 025-601 or 602 and are followed by a number for the lot.

By: Anonymous on 3/22/08

DEWDOG: doya partners. site in paso robles. that's all i have. i'll get more from ef.

By: Anonymous on 3/22/08

Folks are posting to both blog sites. Makes keeping up with things a pain.

If no disagrees how about placing new posts here (under the latest article (Update) from Dan and Karen)?

A few folks are submitting their contact info, I suggest that is a good idea so we can all keep in touch.

My e is rikik77@gmail.com.

By: Anonymous on 3/22/08

DEWDOG: more info. the property in on Kleck Road, paso robles. tract 2571.

By: Anonymous on 3/22/08

place me on your team.

whwn is the next meeting?

805 975 7505

By: Anonymous on 3/22/08

FYI

I can't track loan number but if you can give me a project description for loan ie: address or APN I'll try to find something out for you.


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By: Anonymous on 3/22/08

FYI Why don't you just caqll me and ask me about the meeting that i did not have with Estate Financial on Tuesday or give your number out so we could talk to you.

805/610-6331

By: Anonymous on 3/22/08

DEWDOG: any info. at dataquick on the doya partners property that efc created a new llc on? B558-04

By: Anonymous on 3/22/08

DEWDOG: any info. at dataquick on the doya partners property that efc created a new llc on?

By: Anonymous on 3/22/08

any info. on the LLC., that was just created by EF on investment B311-04?

By: Anonymous on 3/22/08

where is john/colleen childers.

what happened at the meeting with karen guth thursday?

By: Anonymous on 3/22/08

Hi Arlene, my name is John and i have the Damartin loan also in Bermuda dunes. you may call me 805/610-6331 or email me at bluesky41144/@yahoo.com

By: Anonymous on 3/21/08

Arlene, and others. You may have noticed your email address does not show up here unless you put it in the body of your message. Those who want any personal feedback will have to do that. The add-a-comment dialog box clearly points out your email will not be displayed automatically.

By: Anonymous on 3/21/08

I am invested in DAMartin project in Bermuda Dunes. Anyone else out there? Please contact me by email. I would also like to be included in future meetings,emails, etc. Thanks much.

By: Anonymous on 3/21/08

whereismymoney


If the APN for your investment is 049-104-019 DataQuick shows 2 loans made on the property on 1-16-2008. $306,750 for a construction loan and an aditional $50,000 for "unknown" reasons. You may want to check your paperwork and determine where your money was directed towards. Also go by and see if there is a house on the lot and determine if it is completed or not. There are several homes that are not completed.

By: Anonymous on 3/21/08

More internet sites

Ca Dept of Corporation search:

http://kepler.sos.ca.gov/list.html

By: Anonymous on 3/21/08

whereismymoney

If the APN for your investment is 049-104-019 DataQuick shows 2 loans made on the property on 1-16-2008. $306,750 for a construction loan and an aditional $50,000 for "unknown" reasons. You may want to check your paperwork and determine where your money was directed towards. Also go by and see if there is a house on the lot and determine if it is completed or not. There are several homes that are not completed.


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