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Asked in CA May 19, 2022 ,  0 answers Visitors: 2

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!

Data From  LAWGURU_Question

3 Answers

Anonymous
Reply

Posted on / Jul. 05, 2012 18:28:00

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.

Anonymous
Reply

Posted on / Jul. 05, 2012 18:28:00

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.

Anonymous
Reply

Posted on / Jul. 05, 2012 18:28:00

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.

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