Real Property Generates Real Questions
By Mosier, Robert*
“The Changing and Evolving Landscape of Real Property Receiverships” was the topic on the table at the LA/Orange County Chapter of the California Receivers Forum’s August 18 noon time seminar at the Buchalter firm’s downtown Los Angeles office.
More than 80 receivership professionals attended the panel discussion moderated by Mike Wachtell, Esq. of Buchalter Nemer to hear Taylor Grant, founding principal of Real Estate Receiverships, David Wald of Wald Realty Advisors, Inc. and Kirk Rense, Esq., Law Office if Kirk Rense discuss key receivership topics in the continuing real estate collapse.
The emerging legal landscape governing sales by receivers (if possible), practical issues in such sales, dealing with title companies, and how to select the strategy the court is most likely to accept were among issues explored during the 75-minute program.
Substantial written materials were also provided, addressing maximizing returns, whether state courts may order property sold free and clear of encumbrances, completing and selling housing projects, and case studies of significant decisions affecting receivership authority. Sample pleadings were also included for all those attending.
This LA/OC Chapter program and the last one of the year, presented November 30th at the Hyatt Regency Newport Beach in Orange County, were part of a seven program 2011 series planned by LA/OC Education Co-chairs Kevin Singer, Receivership Specialists and Richard Ormond, Buchalter Nemer.
*Robert P. Mosier is a Southern California trustee and receiver and principal of Mosier & Company, Inc., a firm that has specialized in managing and turning around troubled companies for more than 25 years.