Posts with tag bakersfield real estate

'Mortgage Fraud Factory' Whirs Down With 10 Arrests

Federal authorities called Crisp & Cole Real Estate a "full-service mortgage fraud factory" at a press conference on Friday when the 56-count indictment was unsealed. Indeed, people will spend years recovering from the financial damage caused by Crisp & Cole Real Estate, whose owners were arrested Thursday on... Continue Reading »

California Home Builders Rent Out Finished Units to Finance Completion

The housing crisis has proved problematic for many builders who are running out of financing before completing new subdivisions, but one Bakersfield, Calif., developer has taken a novel approach: renting out finished homes to finance the rest of the construction. Now business is booming at the Silverado Ranch -- the... Continue Reading »

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