For years, California’s cities and counties have faced a conundrum when attempting to have a receiver appointed for substandard properties. Previously, the California Health and Safety Code § 17980.7(c) required an enforcement agency to provide a “3 Day Notice” to any property owner that they were going to petition the court for the appointment of a receiver.
Unfortunately, out of the 4.2 million small businesses in California, there are numerous closures every year. Businesses fail, corporations go into bankruptcy, and many Californians are left trying to figure out how to weather the storm.
Hoarding is a serious condition that affects millions of families in America. The effects of extreme hoarding can be heartbreaking and devastating. In these extreme situations, the courts may get involved.
How a Receiver Addresses Co-Owner Disputes Over Rents & Profits of Investment Real Estate
November 19, 2021
When an investment property is mismanaged by one or multiple partners, it causes countless problems. In addition to jeopardizing the relationship between the partners, this failure also puts the property at risk for lost profits.
The legal circumstances surrounding divorce are rarely straightforward. When it comes time to divide assets between a divorcing couple, things get even more complicated. Emotions run high, and arguments are common. Even when a judge determines the next course of action, people don’t always want to cooperate.
Imagine this — three siblings have recently inherited their childhood home. It’s a massive asset, and they want to make sure they honor their parents’ wishes and use the value of the home for the betterment of themselves and their families.
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