Category Archives: Foreclosure

Years end and no resolution in sight.

Back in early 2016scales-of-justice, 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.

So what has happened in almost 2 years?

Lawyers have come and gone replaced by newer lawyers, each time adding new delays.

New defendants have showed up with claims, only to be retracted or never followed through in later hearings.

The clerks office went on strike further delaying default judgement, and 1st mortgage has been waiting till each new case management conference to do anything… So the case is now scheduled for it’s next action “in the next 90 days” with the only hard-ish date now set for April 2018.

The light at the end of the tunnel?  It’s there somewhere, the good news now is – it’s very clear who the owners are and who the owners are not.

Happy New Year everyone!

April 2018 update: The court took in various updates at the April meeting and is now targeting September 2018 to conclude the 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!