Home  »  Archives

Articles Tagged With ‘Estate Financial Inc.’




EFI investors, creditors planning participation

Written on 9 Jul, 2008 in Uncovered SLO | 38 comments

By DANIEL BLACKBURN Investors, builders, and creditors misled by Paso Robles hard money lender Estate Financial Inc. (EFI) are forming a pair of “advisory” committees to participate in an upcoming series of bankruptcy hearings and related actions promising to be both... (Continue reading)

Night Moves: EFI files fund Chapter 11

Written on 4 Jul, 2008 in Uncovered SLO | 21 comments

By KAREN VELIE and DANIEL BLACKBURN Estate Financial Inc. (EFI) principals Karen Guth and Joshua Yaguda placed EFI’s Mortgage Fund LLC into voluntary Chapter 11 bankruptcy with a July 1 appearance in Santa Barbara’s Central District of California United States Bankruptcy... (Continue reading)

More state allegations heaped on EFI

Written on 1 Jul, 2008 in Uncovered SLO | 10 comments

The State Department of Real Estate (DRE) has filed accusations against hard money lender Estate Financial (EFI) of Paso Robles for eight causes of action that include “misrepresentations and false promises made to investors and acting fraudulently and dishonestly in... (Continue reading)

Update: EFI’s bankruptcy expectations

Written on 29 Jun, 2008 in Uncovered SLO | 27 comments

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... (Continue reading)

EFI forced into Chapter 11

Written on 25 Jun, 2008 in Uncovered SLO | 19 comments

Creditors forced hard money lender Estate Financial Inc. (EFI) into Chapter 11 bankruptcy proceedings Wednesday in Santa Barbara’s Central District of California United States Bankruptcy Court.... (Continue reading)

EFI evaluator seeking quality investor information

Written on 24 Jun, 2008 in Uncovered SLO | 6 comments

By DANIEL BLACKBURN and KAREN VELIE A Fresno attorney appointed earlier this month to widen the examination of troubled lender Estate Financial Inc. (EFI) is enlisting the help of UncoveredSLO.com’s readers. Independent evaluator Hanno Powell, an attorney with the firm of Powell... (Continue reading)

Estate Financial evaluator appointed

Written on 16 Jun, 2008 in Uncovered SLO | 32 comments

San Luis Obispo Superior Court Judge Barry T. LaBarbera Monday initiated a complete evaluation of the books of Estate Financial Inc. (EFI) mortgage fund. LaBarbera appointed Hanno Powell -- an attorney from Fresno experienced in receiverships -- to look into EFI’s... (Continue reading)

State regulators cancel EFI sales permits

Written on 9 Jun, 2008 in Uncovered SLO | 42 comments

By KAREN VELIE Estate Financial Corp. (EFI) of Paso Robles can no longer solicit nor accept investor money because the troubled lender’s state permit to do so has been revoked. Specifically, regulators from the California Department of Corporations (DOC) have stopped the... (Continue reading)

INSIDE EFI: Under The Microscope

Written on 4 May, 2008 in Uncovered SLO | 80 comments

Part 3: The good times are gone (Editors’ note: This is the third and final article in a series examining the high-rolling, multi-million-dollar Paso Robles financial lender, EFI, and its current problems.) By DANIEL BLACKBURN One of the down sides of divorce is... (Continue reading)

INSIDE EFI: The Long Fall

Written on 3 May, 2008 in Uncovered SLO | 15 comments

Part 2: Maybe money does grow on trees By DANIEL BLACKBURN (Editors' note: This is the second in a series examining the high-rolling, multi-million-dollar Paso Robles financial lender, EFI, and the fascinating reasons for its current critical condition.) When Karen Guth angrily ordered... (Continue reading)