California Real Estate Fraud Report

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22
Jul

State Suspends Hurst Financial’s Securities Permit

The California Department of Corporations has suspended the permit for Atascadero-based Hurst Financial’s to collect and sell securities to California investors following concerns that Hurst’s business practices were “tending to work a fraud upon the purchaser.”

Hard money lenders are experiencing an increase in having their permits revoked: Hurst is the third hard money lender in its county to have received a suspension notice in the past 3 months.

Read all the accusations by the Department of Corporations against Hurst in the Full Article on the San Luis Obispo Tribune. 

© Copyright 2007-2017 Monique Bryher

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The information and notices contained on The California Real Estate Fraud Report are intended to summarize recent developments in real estate fraud, mortgage fraud, short sale fraud, REO fraud, appraisal fraud, loan modification scams, loan modification fraud and other real estate related crimes occurring in Los Angeles and California. The posts on this site are presented as general research and information and are expressly not intended, and should not be regarded, as legal advice. Much of the information on this site concerns allegations made in civil lawsuits and in criminal indictments. All persons are presumed innocent until convicted of a crime. Readers who have particular questions about real estate fraud, mortgage fraud and appraisal fraud matters or who believe they require legal counsel should seek the advice of an attorney.

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