The rules 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.
Seems 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.
Happy New Year everyone!
Well the Thanksgiving update is… *drum roll* – the Auction has now been delayed till
January, 6th, 2016 @ 10am – and once again no explanation given.
EDIT: 1/6/2016 – Auction Delayed waiting for new date to be set.
Hope you all have a wonderful season!
Suppose we should all be used to this by now. Once again delayed, no explanation now rescheduled for November 24th, 2015 aka Happy Thanksgiving!
New time set to November 24, 2015 @ 10am.EDIT: 11/23/2015, delayed till January 6th, 2016 @ 10am – no reason given.
In a rather common set of recurring events, the foreclosure was once again – delayed; and we were unable to determine why the last several delays have occurred.
New time set to October 26, 2015 @ 10am.
Delayed again unofficially rescheduled till September.
Will provide more official information once we receive it.
UPDATE: September 10th, 2015 @ 10am now latest reschedule – no reason given as to why the auction was delayed in July.
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″
Well 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.
Well once again, the 1st mortgage has delayed the Public Auction. Now the sale date has been set to April 28th at 10am.
For those of you wondering what’s been happening with the Burbank Theater, well the time appears to be very close at hand.
February 25, 2015 – the Burbank Theater goes to Public Auction.
Auction delayed 30 days due to problems with the legal filings, now scheduled for March 27, 2015.
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.