The firm sued to foreclose a design professional’s lien against a residential subdivision in Riverside County which had been halted due to the Great Recession. We sued several defendants because there had been transfers of the real property and name changes since the contract for design services and surveying was performed. The current owner defaulted and the firm obtained a foreclosure judgment which extinguished all other interests in the property. The judgment was recorded immediately.
patience has its rewards.
The firm expected the valuable property would be developed, perhaps using the design and surveying performed by the client. Rather than spending money to collect on the secured debt, we waited for the property owner to resume development. A year or so after the judgment, the owner paid the debt in full in order to release the judgment lien.
Counsel: Andrea L. Petray and Jon F. Gauthier