Receiverships Obtained for Credit Unions

GERSON LAW FIRM APC successfully assisted two credit unions in obtaining receiverships in California’s central valley where the residential foreclosures have been of tidal wave proportions, and at one of San Francisco’s most prestige addresses on Nob Hill

The receivership obtained in California’s central valley was for a vacant convenience store/gas station location in Selma California, where a borrower default and hazardous materials were among the lender’s concerns pending foreclosure. The receivership in one of San Francisco’s best neighborhoods was for a residential/commercial mixed use property, where mismanagement was among issues pending foreclosure.

Earlier in April 2009, GLF working together with co-counsel in the Pacific Northwest, on behalf of a major west coast credit union, successfully obtained a receivership for a Holiday Inn in Vancouver, WA.

GLF’s national receivership practice is part of its on going commitment in assisting financial institutions throughout the United States in all aspects of loan recovery, including forbearance agreements, loan modifications, judicial and non judicial foreclosure, and deeds in lieu of foreclosure.

GERSON LAW FIRM APC

GERSON LAW FIRM APC represents clients on all matters real estate and business related, both transactional and litigation. GERSON LAW FIRM APC is nationally recognized for its representation of some of the nation's largest lenders on loan closings, special servicing, and enforcement proceedings throughout the United States. GERSON LAW FIRM APC practice includes representing lenders closing loans under Fannie Mae's DUS Lending Program and Freddie Mac's Program Plus for multifamily investments. GERSON LAW FIRM APC represents major national banks, life insurance companies, and private funds in all matters lending related, including originations and loss mitigation strategies, for hotels, office buildings, shopping centers, multifamily and construction.