News & Press: Blog

Don't Get Burnt

Wednesday, January 2, 2019   (0 Comments)
Posted by: Chip Deale
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In the latest ACMA Community Blog post, Fellow Ken Miller describes the historically destructive and deadly wildfire season in California in 2018.  In the aftermath of the devastation, Miller advises lenders holding deeds of trust on commercial real property in the state to be well aware of California law when dealing with issues regarding the application of insurance proceeds.

Miller outlines recommended steps for lenders to follow after damage to or destruction of real property collateral has occurred, and cites the case of Schoolcraft vs Ross as an applicable court ruling in these situations.

"California law, when correctly applied, allows the well prepared real property lender valuable alternatives," Miller concludes.

To subscribe to the Community Blog, Fellows should log-on to the ACMA website; select "Manage Profile" on the right-hand side of the home page; click on the Blog icon; choose the Community Blog ("What's Up?"); and select "Subscribe" to read the blog posts to-date and receive updates on future posts. Subscribers also may post comments in response to the blogs. In addition, ACMA Fellows are encouraged to write new blogs to be posted.

If you have any questions or need assistance, contact ACMA at acma@mgmtsol.com or (301) 990-9075.