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Articles Tagged With ‘Hurst Financial Corp’




Heritage Oaks Bank versus the investors

Written on 4 Apr, 2009 in Uncovered SLO | 2 comments

By KAREN VELIE and DANIEL BLACKBURN Heritage Oaks Bank is battling with Estate Financial Inc. and Hurst Financial investors over first place in the quest for financial compensation. Attorneys for the bank are chasing first position in the pursuit for assets of... (Continue reading)

Gearhart files bankruptcy

Written on 12 Feb, 2009 in Uncovered SLO | 2 comments

By KAREN VELIE Kelly Gearhart, a North County developer with ties to hard money lender Hurst Financial, has filed for Chapter 7 bankruptcy protection in Ohio. Gearhart and his wife, Tamara Lowe, filed the bankruptcy petition on Wednesday, stating $6.5 million in... (Continue reading)

DUMPSTER CHRONICLES: Web of deceit

Written on 22 Dec, 2008 in Uncovered SLO | 8 comments

(EDITORS‘ NOTE: For months, a concerned investor sifted through Hurst Financial Inc.’s trash, tirelessly collecting eight bags of “Post-it” notes, hand-written letters, and typed documents from the imploding lending company. The investor then shared that trash with us. Part I... (Continue reading)

Lenders accused of fraud agree to surrender licenses

Written on 21 Oct, 2008 in Uncovered SLO | 3 comments

By KAREN VELIE and DANIEL BLACKBURN Hurst Financial Inc. president James Hurst Miller Jr. and his daughter Courtney Lee Brard admitted to state regulators their complicity in fraud. The pair agreed to forfeit their real estate licenses rather than dispute a large... (Continue reading)

DUMPSTER CHRONICLES: Law, disorder, and the DA

Written on 27 Sep, 2008 in Uncovered SLO | 4 comments

SECOND IN A SERIES By KAREN VELIE and DANIEL BLACKBURN A disengaged and reticent district attorney failed to investigate numerous complaints targeting fraudulent hard money lenders and big-name developers during the past 18 months, even as new and unsuspecting investors were being... (Continue reading)

Hurst records held hostage by family friend

Written on 18 Sep, 2008 in Uncovered SLO | One comment

By KAREN VELIE and DANIEL BLACKBURN Investors of the failing Atascadero lender Hurst Financial Corp. (HFC) say they are being prevented from collecting their records by a relative of Hurst’s beleaguered president. Robert Borba of Stinchfield Financial, another hard money lender, was... (Continue reading)

BULLETIN: Gearhart crashing, burning

Written on 16 Sep, 2008 in Uncovered SLO | One comment

By THE EDITORS Attorneys for North County developer Kelly Gearhart, the darling of Atascadero city officials, hard-money lenders, and local banks, encountered Judge Charles S. Crandall Tuesday morning. The San Luis Obispo County Superior Court jurist took position and control from... (Continue reading)

DUMPSTER CHRONICLES: Lender Hurst in a can

Written on 9 Sep, 2008 in Uncovered SLO | 2 comments

FIRST IN A SERIES By KAREN VELIE and DANIEL BLACKBURN Atascadero lender Hurst Financial Corp. (HFC) is fielding accusations of fraud from a second state agency, but the company’s bigger problem might already be in the bag. Hurst’s president, James Hurst Miller Jr.,... (Continue reading)

Where did Hurst’s Beacon Road money go?

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

By DANIEL BLACKBURN and KAREN VELIE Investors wooed by Atascadero hard money lender Hurst Financial’s owner Jay Miller raised $414,000 of an apparent $485,000 loan to help fund a new North County commercial park, but learned within four months that only... (Continue reading)

Hurst’s lending practices under scrutiny

Written on 10 May, 2008 in Uncovered SLO | 20 comments

By KAREN VELIE and DANIEL BLACKBURN Hard money lending schemes and questionable business practices have jeopardized hundreds of millions of dollars of investors’ money and placed several San Luis Obispo financial firms directly in the path of a sweeping probe by... (Continue reading)