Appointment Of Receiver

Our firm represented a large financial institution in a multi-million dollar commercial foreclosure action involving a senior assisted-living facility in Alameda County, which was occupied by over sixty (60) residents. We successfully obtained an ex parte order for appointment of a receiver to analyze the financial condition of the business, ascertain the welfare of the residents and investigate code violations which facilitated the continued operation of the facility and successful negotiation of a short sale of the property on favorable terms for our client.