If a property is underwater and/or in a blighted condition with numerous lienholders that are hesitant to foreclose? The answer is often receivership. If a property is underwater, but some equity exists a receiver can be appointed to take control of the Property and eventually sell the Property pursuant to California Code of Civil Procedure “CCP” § 568.5. The receivership sale mustRead More "RECEIVERSHIP AS A REMEDY ADDRESS ECONOMICALLY DISTRESSED PROPERTIES"
When people hear the term receiver they may think of NFL Hall of Famer Jerry Rice, but a Court-Appointed Receiver is a whole other ball game. The use of Court-Appointed Receivers began in the Old English Chancery Courts and were often used to take control of an estate that did not have an heir. For example, in the 1500s when a KingRead More "What is a Court Appointed Receiver?"
Ryan Griffith Attorney & Associate Receiver at Bay Area Receivership Group had his article on Zombie Foreclosure and how to address it published by the California Daily Journal on April 29, 2020. The article explains how banks can take control of dangerous properties and prevent them from getting to a point that the appointment of a Health and Safety Receiver by a City or County is necessary. The article can be read here.Read More "Ryan Griffith’s Zombie Foreclosure Article Published by the California Daily Journal"
On April 21, 2020, the City of Fresno moved ex-parte to appoint Bay Area Receivership Group over 1630 S. Third Street in Fresno, California in Fresno County Case #20CECG00407 . The Property has been the site of several recent fires and an ex-parte was necessary due to COVID. Now that Bay Area Receivership Group has been appointed it will take immediate action toRead More "Bay Area Receivership Group Appointed on Emergency Order over Fire Damaged Property in Fresno"
Ryan Griffith’s April 1, 2020 Article on Health and Safety Receivership was published by the California Daily Journal .Read More "Ryan Griffith’s Article on Health and Safety Receiverships Published by the California Daily Journal"
On March 5, 2020 Ryan Griffith presented to the County Counsel Association in San Diego at the WestGate Hotel regarding Receiverships. The presentation brought up very interesting points related to how Receiverships and Conservatorships can work together. It also brought up some complex legal issues that Bay Area Receivership Group’s legal team is researching.Read More "Ryan Griffith Presents to County Counsel Association and How Public Administrators Can Use the Receivership Remedy"
On March 2, 2020 the First Appellate District of California Accepted Bay Area Receivership Group’s Amicus Brief , which argues for Receiver’s to obtain super-priority and strip liens. Bay Area Receivership Group and it’s counsel Ryan Griffith look forward to the First District’s decision in this case.Read More "Bay Area Receivership Group’s Amicus Brief Supporting Receiver’s Lien Priority Accepted by the First Appellate District Court of California"
On February 20, 2020 Ryan Griffith Presented to the Solano County Bar Association on the topic of Health and Safety Receiverships. The presentation went well and was very informative. Click here to watch the presentation.Read More "Ryan Griffith from Bay Area Receivership Group Presents to Solano County Bar Association the topic of Health and Safety Receiverships"
On January 14, 2020, the Fresno County Superior Court appointed Gerard Keena as a Receiver over two Properties 136 W. El Dorado Street, Fresno, CA 93706 and 430 S. Thorne Avenue, Fresno, CA 93706. Both properties have been vacant for years, which has lead to substantial deterioration. Now that Gerard Keena has been appointed as Receiver by the Fresno County Superior Court,Read More "Bay Area Receivership Group Appointed over two nuisance Properties in Fresno"
On December 12, 2019, the City of Hayward filed an ex-parte application to appoint Gerard F. Keena II from Bay Area Receivership Group as Receiver over the Property commonly known as 22330 Main Street in Hayward, California, which created Alameda County Case #HG19046792. The Property is the former site of a college, a hospital, and several office buildings, which have been abandonedRead More "BAY AREA RECEIVERSHIP GROUP APPOINTED OVER MULTI-MILLION DOLLAR ABANDONED PROJECT BY THE CITY OF HAYWARD"