The appointment of a receiver over a borrower’s assets is a powerful tool for the secured creditor when included as a default provision in a well-crafted loan document.Pursuant to Arizona law, a receiver “protects and preserves the property” serving as the creditor’s collateral.The law effectively gives the receiver control over the debtor’s property and allows …
Mark S. Bosco, Robert A. Royal and Jim A. Fassold are featured on Arizona’s Top 100 Lawyers list by Az Business magazine. Their editorial team works closely with other industry experts to choose the Top 100 Lawyers in Arizona. Three attorneys from Tiffany & Bosco made the list! Check out the full list here!
KEVIN P. NELSON was recently appointed as Vice Chair of the Maricopa County Bar Associations Real Estate section. He will also be presenting at National Business Institute’s Advanced Title Issues seminar on Wednesday, April 5, 2017. To register for the program, follow the link: http://www.nbi-sems.com/Details.aspx/R-75262ER%7C?ctname=SPKEM
Since 1990, Tiffany & Bosco has represented owners of multi-housing projects in connection with loans that are insured by the U.S. Department of Housing and Urban Development (“HUD”). Recently, the loans have been primarily for upscale apartment projects and healthcare facilities. However, they have also included other multi-housing projects such as hospitals and assisted and …
Sometimes, construction will begin on a project before the construction loan is in place. When this happens and the deed of trust securing the construction loan has not been recorded, it is called “a broken priority.” In the past, a title insurance company was willing to insure over a broken priority when it had a …