Abandoned Property Receivership: Missing or Deceased Owner Dilemma
December 16, 2024
Abandoned properties present unique challenges and dilemmas, particularly when these buildings have missing or deceased owners. The complex interplay of real estate laws, probate procedures, and responsible party identification often leaves municipalities and stakeholders grappling with how to manage these situations. This blog aims to unravel the intricacies of abandoned property receivership, focusing on the issues that arise from the absence of responsible parties.
California Receivership Services for Hoarding Intervention
September 24, 2024
Hoarding presents a multifaceted challenge impacting numerous communities and creating unique challenges for city officials, legal professionals, and public health experts. Effectively addressing this issue involves balancing individual rights with public safety concerns. In this blog, we examine the legal processes for intervention, emphasizing the applicability of California health and safety receivership laws.
Selling a Receivership Property “As-Is”
June 18, 2024
Most people view an “as-is” real estate sale with some caution and pragmatism. There is definitely a “buyer beware” attitude about as-is sales because buyers are left wondering why the property can’t be sold in a traditional manner. This is true for any as-is property, including those categorized as a receivership property.
A Deeper Look at What Happens during Receiverships in California
February 15, 2024
It’s one thing to know that court-appointed receivers are an important resource that the courts can use to address abandoned, blighted, and dangerous properties in the community. It’s another to understand how that happens.
Distressed Properties: 5 Clear Signs
October 4, 2023
Do you have concerns about a property in your neighborhood that seems to be deteriorating? Are you a city official who is trying to address dangerous properties in your town? Or perhaps you are an attorney representing a community that is trying to take care of distressed properties. There are clear signs that a property may be considered “distressed,” and there are many stakeholders who are concerned about these properties. If you are one of those concerned parties, this article will help you recognize the signs of a distressed property and how to address them.
Most of the time, restaurant investors, lenders, and co-owners like to think about the positives of their investments – not the potential failure of the restaurant. It’s also hard to imagine a business relationship going sour, but these things happen, too. Restaurants fail, business partnerships become bitter, and stakeholders find themselves in the tricky territory of deciding between taking big losses, filing for bankruptcy, or suing a business partner.
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