Vacant Land

  • In re: Mortgage Fund '08 LLC

    Action No. 11-49803-RLE-11
    Appointment:  Liquidating Trustee
    Northern District of California - Judge Roger Efremsky
    2012:  Susan L. Uecker, Liquidating Trustee, under the Chapter 11 Liquidating Plan for the MF '08 Liquidating Trust.  The case has 572 scheduled investor accounts with total claims in excess of $79 million.  The Trustee worked with a commercial broker for national exposure of the sale of a $67 million land loan portfolio with property located in California, Idaho, North Carolina, South Carolina and Texas.  The Trust forclosed on three (3) San Francisco, California properties which sold for over $4.4 million and one (1) property in South Carolina with a pending offer of $2.7 million.  The Trust accepted a deed in liu of foreclosure on a Nevada property which was subsequently marketed and sold.  The Trustee negotiated a forbearance agreement and collected on a note valued at $1,250,000 .  There is extensive litigation pending.

  • In re: Mount Diablo Young Men's Christian Association

    Action No. 10-44367-EDJ-11
    Appointment:  Liquidating Trustee
    Northern District of California - Judge Edward Jellan
    2010:  Chapter 11 Plan for the Mt. Diablo YMCA Liquidating Trust and Susan L. Uecker, as Liquidating Trustee.  The Trustee worked with a commercial broker on the sale of the 12.4 acres of vacant land located in Alamo, California.  The initial bid of $1,000.000 was subject to twelve (12) overbids by four (4) bidders which resulted in a final sale price of $1,650,000.

  • Templeton Associates, a California General Partnership vs. Akshay Dave, et al

    Action No. 105CV50781
    Superior Court, County of Santa Clara - Judge Joseph H. Huber
    2007:  Appointed Receiver to sell a seven (7) acre vacant parcel located in Mountain View, California.  The Receiver entertained numerous offers and sold the property for $2,050,000.00.

  • In re: Merchant Land Fund I, LLC

    Action No. 02-43663T
    Appointment: Chapter 11 Trustee
    Northern District of California - Judge Leslie Tchaikovsky
    2003: Appointed Chapter 11 Trustee of MLFI, the owner of approximately 2,156 acres of real property located in Contra Costa County. The majority of the property is unimproved with the remainder being the Roddy Ranch Golf Course. The Trustee managed the golf course, secured post-petition financing and negotiated for the sale of the property. The Trustee filed a Plan and Disclosure Statement.

  • First American Title Company of Marin vs. David A. Loss, Gina A. Loss, Shahnam Davani, et al

    Action No. CV011017
    Superior Court, Marin County - Judge Lynn Duryee
    2001: Oversight of approximately 800 acre ranch known as Rim Rock Ranch, which includes a ranch house on the premises.  The Receiver sold the property for $2.1million to a winery group.

  • Greenridge Terrace

    Palo Alto, California
    Consultant to Family Mortgage Corp., No. 15 and Eastern Savings Bank, engaged by FSB to assist in the auction of 36+ acres of undeveloped property with potential sub-division located at 16100 Greenridge Terrace, Los Altos, California in conjunction with the terms of FMSC NO. 15 vs. Greiner settlement proposal. Prepared a timeline for auction and costs, completed all activities in the timeline, prepared monthly reports and concluded the auction of the real estate for $5.2 million.

  • In re: Los Medanos Health Care Corporation

    Action No. 94-4-2864-J and 96-4-1356-J
    Appointment: Disbursing Agent
    Northern District of California - Judge Edward Jellen
    1998: Liquidation of hospital equipment valued in excess of $1 million and sale of vacant parcels adjacent to hospital valued in excess of $1.2 million. Vacant parcels required rezoning subject to a General Plan revision. Completion of first disbursement of approximately $3.9 million to over 1,400 creditors including extensive amount of wage claimants and vendors.

  • In re: William and Nancy Connolly

    Action No. 3-88-02226
    Appointment: Trustee
    Northern District - Judge Thomas Carlson
    1989: Operation of a 5,000-acre exotic animal ranch and a 60-acre ranch located which sold for $350,000 in Klamath Falls and Jacksonville, Oregon. Other assets include oil and gas leases, farm equipment, a single-family residence which sold for $850,000 located in Marin County and two airplanes. Liquidation of all assets under Chapter 11 Plan of Reorganization.

  • In re: Bair Island Marina

    Action No. 4-88-00769-W
    Appointment: Trustee
    Northern District - Judge Randall Newsome
    1989: Enforced existing sale of 7.3 acres of undeveloped land located in South San Francisco, California.