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Lawyer accepts cease-and-desist over fix and flips

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The staff alleged that Zimmerman engaged in at least 34 of these real estate investments/transactions without being licensed as a mortgage broker-dealer with the division as required, and therefore in violation of the act.

Mortgage broker's license suspended

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The Colorado Division of Real Estate announced today it has summarily suspended the license of mortgage broker Paul Cardenas of Centennial. A summary suspension is used where there is a danger of immediate harm to the public. The division alleges that Cardenas, operating through and for several companies including Lending Denver and Premier Mortgage Capital, falsified income and asset information…

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