Anchor ads are not supported on this page.
Print Edition
Classifieds
Stories
Events
Contests
Music
Movies
Theater
Food
Life Events
Cannabis
April 24, 2024
April 17, 2024
April 10, 2024
April 2, 2024
March 27, 2024
March 20, 2024
March 13, 2024
March 6, 2024
February 28, 2024
February 21, 2024
February 14, 2024
February 7, 2024
Close
April 24, 2024
April 17, 2024
April 10, 2024
April 2, 2024
March 27, 2024
March 20, 2024
March 13, 2024
March 6, 2024
February 28, 2024
February 21, 2024
February 14, 2024
February 7, 2024
April 24, 2024
April 17, 2024
April 10, 2024
April 2, 2024
March 27, 2024
March 20, 2024
March 13, 2024
March 6, 2024
February 28, 2024
February 21, 2024
February 14, 2024
February 7, 2024
Close
Anchor ads are not supported on this page.
Borrego: Flipsville Seeks a Savior
Significant real estate bargains abound in overbuilt Las Vegas, Riverside County, Phoenix, Palm Springs. An associate of mine just paid over $3 million for an18 hole golf course in Palm Desert. Borrego properties have no value and lenders won't touch it— June 29, 2011 9:59 a.m.
Scripps Investments & Loans 17 percent return didn't last
ZO Observer, Scripps was a rather new entity. I'm surprised that the investors did not perform any due diligence on the principles of the firm- especially Lubin. What was his background in real estate? I remember the Naiman nightmare at Pioneer and all the costly litigation. Did any of these investors really care about the business background of Scripps and the actual investments? Probably not— June 28, 2011 7:30 p.m.
Scripps Investments & Loans 17 percent return didn't last
Clinical Psychologist Martha Stout argues in THE SOCIOPATH NEXT DOOR, that high successful people are in fact more likely to lie and take more risks than average people.Per Stout " Characteristically, they can charm others into attempting dangerous ventures with them, and as a group they are known for their pathological lying and conning, and their parasitic relationship with "friends". Good read is James Stewart -TANGLED WEB- Who knows some journalist one day will write a book on this company. Another good read is Captain Money and the Golden Girl which covered La Jolla financier D.David Dominelli— June 25, 2011 4:06 p.m.
Scripps Investments & Loans 17 percent return didn't last
Imperial Bank had first trust deed. Bankruptcy court records will show vesting w/ detailed membership units and percentages. See Doc 9-1, Pg. 1 of 2— June 21, 2011 3:06 p.m.
Scripps Investments & Loans 17 percent return didn't last
ZObserver and Don, Scripps developments in Palm Desert and Desert Hot Springs area were the Scripps Villa Portofino, LLC headed by Michael LaMelza and the Tuscan Hills project headed by Walter Luce. Both developers had interesting backgrounds Scripps Villa filed Bankruptcy, Case 08-11947 and many of the investors came from First Regional Bank, Custodian IRA accounts— June 21, 2011 2:09 p.m.
Scripps Investments & Loans 17 percent return didn't last
First Regional Bank Custodian now transferred to Sterling Trust out of Texas. More connections with First Regional to other local hard money lenders.— June 19, 2011 10:32 a.m.
Scripps Investments & Loans 17 percent return didn't last
Court Wilson is an Investment Retirement Consultant with Scripps Investments and Loans, Inc. The company provides opportunity for those interested in using their IRAs to invest."What my company does are Trust Deed Investments. We do a loan and we use a pool of investors' money to fund that loan. And some of it comes from personal money and some of it comes from retirement money,"says Wilson. "We can offer (investors) a real estate loan to a retirement account paying anywhere from 12-14 percent, collaterized by a first trust deed," says Wilson. "Having diversification and wide variety of investment choices for your IRA brings more opportunity for success," It just opens up another window," says Wilson IRAAA.org DATE: November 29, 2004 by Phoebe Chongchua— June 15, 2011 7:41 p.m.
Scripps Investments & Loans 17 percent return didn't last
IRA accounts usually feeds the money machine on these lenders. In Scripps case- I do not know— June 13, 2011 11:14 a.m.
Scripps Investments & Loans 17 percent return didn't last
I'm glad to see that Doug purchased the 484 Prospect building. A historical beautiful building orignally part of the Scripps Clinic- 484 was used as the residence hall for women nurses.Mr. Lubin had previously tried to convert this historical building into a medical housing complex. He failed at this conversion. I chuckled at Mr. Lubin's comment on bankruptcy and how he lost everything. A reader mentioned Sili filing bankruptcy. Yes, it was Sili filing Chapter 11, Case No. 09-00995- I assume Sili stood for Scripps Investments Loans Inc. Total Liabilities were over $19 million and Comerica Bank shilled out expensive legal fees on this bankruptcy and eviction proceedings in SD Superior Court. The bankruptcy was converted to Chapter 7. The Scripps name certainly was smeared and Mr. Lubin had no affiliation with the good name of the Scripps family and or Scripps Bank. Anyone who invested with Scripps Investments could either be viewed as greedy or ignorant.— June 12, 2011 10:37 a.m.