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Banks, creditors and attorneys, who are considering foreclosure alternatives can learn more at the California Receivers Forum (CRF). Long considered the voice and reference source for state and federal receivership administration, procedures and the law, CRF has a dearth of information to help educate lenders and their professionals. As a board member and officer of the Bay Area Chapter since 2004, I often recommend those considering this solution to non-performing loan to avail themselves of the many articles and programs on the subject. For example, the Loyola program, which is every few years and last held in January 2011, offers abstracts, commentary and a variety of useful information to help those who believe a court ordered california hotel receivership are better foreclosure alternatives than taking back the property. If you are looking for someone to appoint, say to recover fixtures, furnishings and equipment that were financed by a secondary financial institution, restaurant receivership services can be found in the CRF newsletters. Specifically, there is “The List” which is part of the CRF quarterly publications that provides a roster of professionals who act in a similar capacity. There are also related articles and commentary in our previous blogs on using a court receiver that might be of interest. Lastly, if you are a special assets officer, chief credit officer or special servicer, who needs outside legal counsel to assist in different foreclosure alternatives and solutions, you can post a comment to this article here for a referral. Or, contact me directly (see below) since I am a receiver and work with lawyers both locally and nationally.
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