Category Archives: Foreclosure

Judicial Foreclosure!

The scales-of-justicerules have changed, the 1st mortgage officially filed a lawsuit against the owners (and all lien holders) of the Burbank Theater, Santa Clara County Superior Court Case @115CV284426.

A Judicial Foreclosure with all it’s benefits and problems will be the way that the Burbank Theater’s future will be decided.  The first “Case Management Conference” with Superior Court happened in December 2015, and the judge ordered all defendants be served.

The good part of Judicial Foreclosure process means the owners will likely lose possession of the building very soon, but legal ownership and other details of the judicial foreclosure process implies that this building may stay in it’s current form for another 2 years.

Foreclosure Delayed till end of February 2016

foreclosure-signSeems the New Year hasn’t changed much, once again  the Auction has now been delayed, this time scheduled for February 22nd, 2016 @ 10am – and once again no explanation given.

EDIT 02/22/2016: Superior Court of Santa Clara court case filed, Judicial Foreclosure will decide the fate of the Burbank Theater.

https://www.elitepostandpub.com/

TS# “14-28658”

Happy New Year everyone!

Makes you wonder right? Foreclosure delayed

foreclosure-sign Well not sure if it makes you wonder, but it does make us wonder how these commercial banks make any money, as if you don’t pay them – they don’t appear to ever foreclose.  No explanation as to what caused this latest delay, who knows maybe this means someone offered to buy the property at full price?

Pubic Auction now scheduled for July 27th, 2015.
UPDATE 7/27/2015 @ 9:55am DELAYED waiting on details of rescheduling.

Click Here: https://www.elitepostandpub.com/ – TS number “14-28658″

And yet again Foreclosure delayed

foreclosure-signWell once again, the foreclosure has been delayed.  Discussion with the bank indicated that a problem was once again due to a problem at the Title company.

Click Here: https://www.elitepostandpub.com/

And type in this TS number “14-28658” with the dash for the most up to date information.  Auction has now been scheduled for 5/28/2015 @ 10am.

EDIT: well once again – this time changed to 07/27/2015 @ 10:00am.

Foreclosure Update, Public Auction Scheduled

foreclosure-signFor those of you wondering what’s been happening with the Burbank Theater, well the time appears to be very close at hand.

EDIT: February 25, 2015 – the Burbank Theater goes to Public Auction.

EDIT: Auction delayed 30 days due to problems with the legal filings, now scheduled for March 27, 2015.

EDIT: Auction delayed 30 days due to legal problems with the title, now scheduled for April 28, 2015.

And yet even more auction delays, now scheduled for May 28, 2015.

Let’s all hope, pray, or cross our fingers/toes/etc… – that a new owner will take a more active role in making this Theater into something people will want to take pictures of again.