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Articles Tagged With ‘Real Estate’




Tom Murrell accused of benefiting from Gearhart fraud

Written on 9 Jul, 2013 in Featured, Uncovered SLO | 20 comments

By KAREN VELIE San Luis Obispo County Superior Court Judge Charles Crandall Monday denied a motion to dismiss a lawsuit against Cuesta Title, Stewart Title and Heritage Oaks Bank noting the defendants were aware of wrongdoings. In 2009, more than... (Continue reading)

Banks agree to $1.5 billion mortgage settlement

Written on 5 Jun, 2013 in Daily Briefs, Featured | 15 comments

More than 200,000 Californians will each receive checks worth nearly $1,500 this month as part of a $1.5 billion national mortgage settlement, the state attorney general’s office said Tuesday. Homeowners who successfully filed claims saying they were victims of wrongful... (Continue reading)

Ron Hertel files for bankruptcy

Written on 4 Jun, 2013 in Featured, Uncovered SLO | 12 comments

Developer Ron Hertel, a partner in the failed R.W. Hertel and Sons, filed for personal bankruptcy in April listing $118.4 million in debt and assets of $591,000. The bulk of his accumulated debt is from personal guarantees he made on... (Continue reading)

San Luis Obispo County supervisor selling his home

Written on 3 Jun, 2013 in Daily Briefs, Featured | 36 comments

District 2 San Luis Obispo County Supervisor Bruce Gibson has listed his Cayucos ranch for sale. The rural Cottontail Creek Road property comes with a three bedroom, three-bathroom main house on 170 acres for an asking price of $2,595,000. The... (Continue reading)

Cuesta Title ex-employee tight-lipped at deposition

Written on 28 May, 2013 in Featured, Uncovered SLO | 28 comments

By KAREN VELIE A former Cuesta Title employee refused to answer questions posed to her at a Kelly Gearhart-linked deposition, asserting her Fifth Amendment right against self-incrimination. In 2009, investors filed a lawsuit alleging Stewart Title and Cuesta Title aided... (Continue reading)

Dalidio ranch in escrow

Written on 23 May, 2013 in Featured, Uncovered SLO | 134 comments

By KAREN VELIE Ernie Dalidio abandoned his plan to create a 131-acre mixed-use-development on his land adjacent to Highway 101 near Madonna Road in San Luis Obispo, and put the property up for sale. The property, listed at $19,750,000, is... (Continue reading)

Copelands trade San Luis Obispo properties to Atlanta firm

Written on 18 Apr, 2013 in Daily Briefs, Featured | 10 comments

An Atlanta based company has purchased $100.5 million in commercial property in San Luis Obispo from the Copeland brothers in exchange for assuming $50 million in debt and for $50.5 million in ownership of Jamestown properties. Copeland properties, owned by... (Continue reading)

Paso Robles lenders arrested on multiple fraud charges

Written on 14 Mar, 2013 in Featured, Uncovered SLO | 25 comments

By KAREN VELIE Heritage Lending principals Candy Wells and her husband Ronald Wells were arrested Tuesday on seven felony charges. The court has set their bail at $2.5 million each. Prosecutors from the San Luis Obispo County District Attorney’s office... (Continue reading)

SLO Fresh Market closing

Written on 18 Jan, 2013 in Daily Briefs, Featured | 20 comments

After more than 50 years in business, SLO Fresh Market on Laurel Lane is closing. [KSBY] In about 45 days, the neighborhood market is slated to close its doors leaving 13 people, including one who has been employed there for... (Continue reading)

Santa Margarita man imprisoned for mortgage fraud

Written on 26 Dec, 2012 in Daily Briefs, Featured | 5 comments

A Santa Margarita man and two Santa Maria men who participated in a complex mortgage fraud scheme were sentenced last week to federal prison terms and ordered to pay $2.4 million in restitution to various lenders that suffered losses as... (Continue reading)