Enforcing the assignment of rents clause (CC 2938 subd. b) of a 1st DoT in a default situation.
Q1: The court would be where the multi is - or where the borrower lives?
Q2: Can you offer me a flat rate for both, appointing a receiver and starting a collection on embezzled rents, a 5-digit amount?
The buyer if a multi failed to make the balloon payment due last year. He has been using his employee (or independent "agent" - the buyer is a broker and his agent is also licensed by the DRE) to collect the rents. the multi is fully rented and this means thousands every month.
Q3: Cutting off the income stream would help. But do I have to foreclose as well?
Thank you!
Further with respect to Q1, venue: Many deeds of trust specify where suits must be filed, and it is almost always where the financed real property is situated.
Further with respect to Q1, venue: Many deeds of trust specify where suits must be filed, and it is almost always where the financed real property is situated.
Further with respect to Q1, venue: Many deeds of trust specify where suits must be filed, and it is almost always where the financed real property is situated.
