Locals caught in collapse of “hard money” real estate fund (The Bakersfield Californian)

For about 20 years, monthly payments from a Paso Robles real estate investment fund arrived like clockwork. But last year, said Tehachapi resident Jack Girkins, 76, everything stopped cold. Interest payments from roughly $380,000 Girkins and his wife Sharon had invested with the company, Estate Financial Inc., dried up. “It was a good part of our income,” he said.

More: continued here


Blogsphere: TechnoratiFeedsterBloglines
Bookmark: Del.icio.usSpurlFurlSimpyBlinkDigg
RSS feed for comments on this post
 |  TrackBack URI for this post


Leave a Reply

You must be logged in to post a comment.