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Updated over 1 year ago on . Most recent reply

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Jay Dave
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Seeking recommendations for litigation attorneys with experience in receivership

Jay Dave
Posted

Hello Bigger Pockets community, 

I am looking for recommendations for attorneys with experience in Litigation and Receivership and who have a license to practice in Washington state. 

For context, I and a few friends invested in a real estate project where we are limited partners. The project is seller financed; they have a promisory note from the Managing partner to pay them debt servicing every month. The managing partner (operating through his LLC) has stopped servicing the debt starting October 2023, has not paid any utilities, has not refunded the security deposit on terminated leases and has funneled the operating income from this project to his other projects. The seller (who is the most senior debt holder) is considering putting the property in receivership.

If you have any experience dealing with such a situation - I would be grateful if you would be willing to share your experience. If you know of any attorneys who have experience dealing with Real Estate Litigation and Receivership - I would be grateful if you can share referrals. 

Thank you in advance,

Jay

  • Jay Dave
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