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 use of a limited purpose hotel receivership is sometimes employed where the lodging property owner is diverting funds collected from sale taxes instead of paying the city or county. Another circumstance is when a liquor license may need to be recovered and sold or a certain lump sum for equipment is owed to a…
Are you a bank or lender looking for ideas and information on foreclosure alternatives for your workout and special assets department? Mark your calendar for this Special Assets Management Association (SAMA) event on December 8, 2011 in San Francisco to learn more… Attorney Richard Rogan, a Partner with Jeffer, Mangels, Butler & Mitchell LLP, and…
Recent news suggests that a rise in foreclosures and the hotel receiverships as a result of these actions could jump next year. Banks and lenders have been able to extend loans in the last 12 to 24 months that will now come due. However, the volume of loans due is expected to rise in 2012.…