<PAGE> 1
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
1. Name of Reporting Person: Jan Carl Hoeffel
Address of Reporting Person: 3021 Citrus Circle, Suite 150
Walnut Creek, CA 94598
2. Issuer Name and Trading Symbol: Finet Holdings Corporation: FNHC
3. Social Security # (Voluntary):
4. Statement for Month/Year: 11/20/97
5. If Amendment, Date of Original:
6. Relationship of Reporting Person: Director
Officer
Title: President
7. Reporting By: One Reporting Person
<TABLE>
Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially
Owned
- --------------------------------------------------------------------------------
- ----------
<CAPTION>
1 2 3 4 5 6
7
- -------- -------- ------ ----------------------- ------------ ------- ----
- ----------
Title Trans- Trans- Securities Acquired (A) Amount Owner-
Nature of
of action action or Disposed of (D) Beneficially ship
Indirect
Security Date Code ----------------------- Owned at End Form
Ownership
Amount A/D Price of Month D/I
- -------- -------- ------ -------- --- -------- ------------ ------- ----
- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Common 1,037,817 D
Common 917 I By
Spouse
</table
<PAGE> 2
</TABLE>
<TABLE>
Table II Derivative Securities (D/S) Acquired, Disposed of, or Beneficially
Owned
- --------------------------------------------------------------------------------
- ----------------------------------------
<CAPTION>
1 2 3 4 5 6 7
8 9 10 11
- ------ ------ -------- ---- --------------- ------------------- ----------
- ----- ------ --------- ----- -------
Title Conv Trans Tran # D/S Date Expira
Title/Number Price Number Owner Type of
of or Date Code Acquir/Disposd Exercis tion
Underlying of of D/S ship (I)
D/S Exer M/D/Y --------------- able Date
Securities D/S Owned at of Owner
Price (A) (D) M/D/Y M/D/Y Title
Amount Month end D/I ship
- ------ ------ -------- ---- ------- ------- -------- -------- ------ --
- ----- ------ --------- ----- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
<C> <C> <C> <C> <C>
Option $ 0.06 11/20/97 A 225,241 11/20/97 01/31/06 Common
225,241 $ 0.00 225,241 D
<FN>
<F1>
Options ratified pursuant to option plan amendment approved by shareholders on
11/20/97
</FN>
</TABLE>
/s/ Jan Hoeffel 12/9/97
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Signature of reporting person Date
