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.
For nearly a decade, the City of Banning, CA had to endure the challenges brought on by six unfinished commercial buildings spread over 9 acres of land located just off the 10 Freeway.
Receivers are often appointed by courts to revitalize and potentially oversee the sale of nuisance properties. What Is a Nuisance Property? Nuisance properties are those that are in some form of distress due to being neglected or abandoned. These properties often present health and safety concerns, code violations, and even neighborhood blight. Signs of a nuisance property can include: Abandonment Severe disrepair Dilapidation Safety code violations Criminal activity
What is a Court-Appointed Partition Referee?
April 22, 2024
Court-Appointed Partition Referees and Post-Judgment Receiverships Business relationships sour, married couples split up, and family members can’t agree on what to do about a property they share. When these situations can’t be resolved through other means, the courts may appoint a partition referee.
Using a City Receivership Program for an Abandoned Property
March 22, 2024
It is in the best interest of every municipality in California to address the blighted, abandoned, and dangerous properties that damage property values and create risks for the entire community. This is where a city receivership program comes in and can be highly beneficial for improving such situations.
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.
How to Secure a Receiver for a Nuisance Property in CA
February 29, 2024
Nuisance properties are a problem across all communities–decreasing property values, increasing crime rates, and posing a risk to the health and safety of property occupants and others in the neighborhood.
California Abandoned Property Laws and Strategies (Updated for 2024)
January 25, 2024
Abandoned properties don’t resolve themselves. California has several laws governing the management of distressed properties, including the role that court-appointed receivers can play in the rehabilitation of such properties. A court-appointed receiver is a neutral third party whose role it is to manage real property that is in distress or disputed between multiple parties.
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