Thank you for sharing!

Your article was successfully shared with the contacts you provided.

A Santa Clara County court ruling this week added some much needed clarity to a controversial area of commercial property foreclosures.

Siding with the developers of Sunnyvale Town Center, Superior Court Judge Peter Kirwan ruled from the bench June 6 that Wachovia bank could not force the sale of the property through receivership.

Secured lenders can sell properties in default in two primary ways, said one of the prevailing lawyers, Wendel, Rosen, Black & Dean attorney Charles Hansen. One path is through a trustee sale, which is outside of court, and the other is a court-supervised judicial foreclosure. The key is that both involve an open and public bidding process, said Hansen, who represents developer Sand Hill Property.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.