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Articles Tagged With ‘Real Estate’




Home prices continue to tumble

Written on 24 Jan, 2009 in Uncovered SLO | 4 comments

By KAREN VELIE Combinations of short sales and foreclosures due to unaffordable mortgage payments, as well as hard money lending schemes, are propelling an incredibly rapid deceleration of San Luis Obispo County home prices. Throughout the area, homes are selling for as... (Continue reading)

Estate Financial attorneys blame market downturn

Written on 24 Nov, 2008 in Uncovered SLO | 2 comments

By KAREN VELIE Following a fourth bail hearing and arraignment continuation, Joshua Yaguda’s attorney pointed at the downturn in the market as the catalyst for the financial ruin of Estate Financial inc. (EFI), on Monday morning. “The market shifted and changed,” Yaguda’s... (Continue reading)

EFI trustees: Piggys at the trough?

Written on 5 Sep, 2008 in Uncovered SLO | 3 comments

By KAREN VELIE and DANIEL BLACKBURN Trustees working the Estate Financial Inc. (EFI) collapse – including a pair retained by the failed lender – want nearly a quarter-million dollars for their efforts during the past month and a half. That includes $10,400... (Continue reading)

Judge ices EFI fund property sale proceeds

Written on 6 Aug, 2008 in Uncovered SLO | 22 comments

By KAREN VELIE and DANIEL BLACKBURN A federal judge presiding over Estate Financial Inc. (EFI) bankruptcy hearings declined Tuesday to authorize disbursement of funds from a pending sale of investment property from the troubled lender’s portfolio. U.S. District Court Judge Robin Riblet... (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)

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)

INSIDE EFI: An Investors Nightmare

Written on 1 May, 2008 in Uncovered SLO | 8 comments

Part 1: Divorce sparks nasty public war By DANIEL BLACKBURN (Editors’ note: This is the first in a series examining the high-rolling, high-interest, high-risk, hard money business, and a close-up look at the primary players in one multi-million-dollar Paso Robles firm that... (Continue reading)