Morro Bay real estate broker arrested, 59 felony charges

July 14, 2022

Marissa Hudson

By KAREN VELIE

After an alleged stint on the run, a former Morro Bay realtor turned himself in on July 10 and was jailed in San Luis Obispo County Jail on 59 counts.

Aware of a warrant for her arrest, Marissa Hudson, 35, surrendered to law enforcement. She was convicted of 57 robberies, an unemployment insurance fraud charge, and an unnamed charge with her bond set at $500,000.

She was released from prison on Wednesday afternoon.

The state revoked the licenses of Seaside Real Estate and its broker Marissa Hudson in May, citing non-payment of amounts owed to landlords for rent collected. The real estate agency provided property management services.

The California Department of Real Estate cited negligence, incompetence and willful disregard of real estate laws, some of which date back to 2015.

Following customer complaints, the state audited the company’s financial statements for 2015 and 2016 and found multiple violations. Accounts receivable were $187,763 short as of October 2016, according to the Department of Real Estate. At the time, Marissa Hudson’s father, Don Hudson, was the broker while she helped with the books, according to a family member.

In 2018, Don Hudson voluntarily relinquished his broker’s license. Shortly thereafter, he transferred ownership of Seaside Real Estate to his daughter.

After Marissa Hudson failed to provide Adam Sevim, the owner of three units in Morro Bay, with $13,800 for rent collected in February and March 2019, Sevim filed a lawsuit with the state.

The Department of Real Estate then conducted another audit which found that Marissa Hudson had acted with negligence, incompetence and willful disregard of real estate laws.

While the Department of Real Estate files charges and revokes licenses, local district attorneys are responsible for prosecuting real estate fraud and embezzlement. The SLO County District Attorney’s Office investigated the allegations and later filed an arrest warrant for Marissa Hudson.