Real estate agent Carl Cole’s bid to keep his license was denied Thursday by the California Department of Real Estate.
But Cole can seek relief through the courts, department spokesman Tom Pool said Friday afternoon.
Cole now has about a month to file an appeal with the state Superior Court.
“We’re really on another 30-day clock,” Pool said.
Attempts to reach Cole and his attorney Glenn Kottcamp Friday afternoon were unsuccessful.
4,000-home SunCal development in Castaic and three other projects were placed in involuntary bankruptcy by the Irvine developer Wednesday, bringing a total 15 SunCal developments into federal bankruptcy court.
Wednesday’s four filings were classified as involuntary because lender Lehman Brothers hadn’t consented, said Joe Aguirre, spokesman for SunCal Cos.
Lehman has arranged funding for all 15 sites, including Bakersfield’s McAllister Ranch.
Rumor Mill - Latest rumor is Castle and Cooke is laying off a lot of employees. Maybe they will start lowering the price of their homes?