court receiver contract being signed

Albuquerque Partition Referee

Many states have statutes governing disputes between joint owners of real property. In such instances, owners may file a lawsuit to compel the sale of property via partition. In the state of New Mexico, the 2018 New Mexico Statutes, Section § 42-5-7 (2018) provides as follows:

Finding that property cannot be partitioned; appraisal; report of commissioners; contest of report; hearing; sale.

A. Should the commissioners be of the opinion that the real estate is so circumstanced that a partition thereof cannot be made without manifest prejudice to the owners or proprietors of the same, they shall proceed to appraise the real estate at its cash value at the time, deducting the amount of all liens and encumbrances against such real estate, and the commissioners shall so report to the court and file with their said report a written appraisal. Any party to the action who shall have been adjudged by the court to have an interest in the real estate appraised, may within ten days from the date of filing of said report and appraisal contest said report or said appraisal, and for such purpose shall file in the cause an affidavit setting forth wherein said report, appraisal or both is incorrect; provided, that the affidavit shall put in issue only the value of the real estate as shown by the appraisal and the question as to whether or not the real estate is so circumstanced that a partition hereof cannot be had without manifest prejudice to the owners or proprietors thereof, and the court shall hear proof touching the matters set forth in the affidavit, and if the report or the appraisal shall be found by the court to be incorrect, the court shall determine the value of the real estate and whether or not the real estate can be divided without manifest prejudice to the owners or proprietors thereof. If the report or appraisal shall be found by the court to be correct the same shall be confirmed by the court. In the event the report of the commissioners shall not be contested within the time above provided, or in the event the report of the commissioners shall be confirmed by the court, the court, in its discretion, may order the premises to be sold at public or private sale, providing in the order for reasonable public notice of such sale on such terms and conditions as it may prescribe; provided, that if the court does not order such sale to be made for cash, a cash payment of not less than one-quarter of the purchase money shall be required by the court, to be made to the person or persons, who shall be appointed by the court to make such sale, by the purchaser of such land at the time of such sale, the balance of such purchase price to be paid and secured in such manner as the court shall direct. If sale is made at private sale, same shall be made for not less than its full value as determined as aforesaid. If the value determined as aforesaid shall be less than ten thousand dollars ($10,000) the court shall authorize sale of the property at a public sale to the highest and best bidder thereat. If such value determined as aforesaid shall be ten thousand dollars ($10,000) or more, public sale of said property shall not be made for less than two-thirds of its value as so determined and fixed. Any sale hereunder shall be subject to any and all liens deducted as provided herein in making the appraisal.

B. The person or persons who shall be appointed by the court to make sale of said real estate shall make and execute good and sufficient conveyance or conveyances to the purchaser or purchasers thereof which shall operate as an effectual bar both in law and equity against such owners and proprietors, parties to the proceedings, and all persons claiming [under] them; and the person or persons making such sale shall report their proceedings to the court and shall pay over the moneys arising therefrom to the parties entitled to receive the same under the direction of the court.”

Who We Work With

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Trust & Estates Attorneys

Trust & Estates attorneys often seek appointment of partition referees when family members inherit property, and a dispute arises regarding the sale of the property.

Litigators

Trial attorneys often seek appointment of partition referees when co-owners of real property get into a dispute regarding the sale of the property.

Types of Cases/Properties

Partition cases typically involve family members or partners/investors in real property. These individuals develop a dispute regarding the ownership of the property.

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Clients Who Trusted Us

As an attorney representing secured creditors who provide C&I loans, I have needed to seek the appointment of a receiver due to loan defaults. Stephen Donell, Receiver, is a take-charge, dependable and results-oriented professional with whom we have a long-standing history. We highly recommend his services as receiver to other lenders and creditors.

Attorney, San Francisco CA
San Francisco, CA

As lenders’ counsel, our firm has worked with FedReceiver, Inc. for many years in connection with real property defaults and several cases involving the appointment of a Receiver. Mr. Donell and his team have distinguished themselves as knowledgeable and effective court appointed receivers.

Attorney, Los Angeles CA
Beverly Hills, CA

Our firm has had multiple opportunities to work with the professionals at FedReceiver and the results have been extremely positive in all of our partition referee and receivership matters.

Attorney, Los Angeles CA
Los Angeles, CA

I have worked with Stephen Donell in multiple cases where he was appointed as receiver over assets secured by loans originated from our lending institution. Mr. Donell’s expertise and experience have been invaluable in the protection of the bank’s loan security.

Lender, Orange County CA
Orange County, CA

Mr. Donell has served as court-appointed Receiver in multiple matters in connection with partnership litigation filed by our firm. Mr. Donell has demonstrated his knowledge regarding asset preservation, forensic investigations, and fiduciary duty violations, and his actions have resulted in positive results for my clients’ interests.

Attorney, Los Angeles CA
Los Angeles, CA

About our court-appointed Albuquerque partition referees

A partition action is the only court ordered process in California to bring an end to real estate co-ownership disputes. Under California Code of Civil Procedure Section 872.210, a partition action is a legal process taken to divide a California real estate equitably among its co-owners.

Our experienced Albuquerque partition referees have experience in selling residential and commercial property throughout California. This process may include an analysis of competing claims, an accounting of receipts and disbursements, the use of forensic accountants any report to the court with recommendations regarding disbursements to the co-owners. Consideration must be given to secured and unsecured creditors as well as competing claims of each co-owner ultimately culminating in an order from the court directing the referee to distribute funds pursuant to court order.

Stephen J. Donell Los Angeles

President of FedReceiver, Inc., Jalmar Properties, Inc. and Donell Expert Services, Inc.

James H. Donell Los Angeles

Founder and Chief Executive Office of FedReceiver, Inc. and Jalmar Properties, Inc.

Todd D. Donell Los Angeles

Executive Vice President of FedReceiver, Inc. and Jalmar Properties, Inc.

Sarah R. Bates Los Angeles

Vice President of FedReceiver, Inc. and Jalmar Properties, Inc.

Locations Served

With cases involving assets throughout the country and internationally, FedReceiver, Inc. provides nation-wide receivership services including international asset recovery.

Alameda, Butte, County of San Francisco, Contra Costa, El Dorado, Fresno, Humboldt, Imperial, Inyo, Kern, Kings, Los Angeles, Marin, Orange County, Riverside, Sacramento, San Bernadino, San Diego, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Ventura County, and the California District Court

Las Vegas, Carson City, Clark, Douglas, Elko and Washoe County

Phoenix, Gila, Maricopa, Mohave and Pima County

States with cases/assets include Arizona, California, Colorado, Florida, Hawaii, Idaho, Illinois, Indiana, Massachusetts, Michigan, Montana, Nevada, Ohio, Oregon, Texas, Utah, Virginia, Washington, Wisconsin.

How we work together

We match our training, experience, expertise, licensing and credentials with the needs of each case to identify the appropriate use of the proposed remedy including receivership, partition referee, provision director and dissolution manager.

Reach out

Reach out to us via our contact page or call our office.

Set an Appointment

An initial call will allow for an initial assessment of the proposed case.

Sample Pleadings & Orders

With approximately 800 cases, FedReceiver has a vast library of exemplars including motions seeking appointment of referee, orders appointing referee, interlocutory judgments and memorandum of points & authorities.

References

We offer excellent references with local and national law firms, accounting firms and clients.

Court Experience

Given our decades of experience and hundreds of cases, we have appeared in state/federal court and have excellent relationships with numerous courts/judges.

Albuquerque Partition Referee FAQs

What is a Court Partition Referee?

A partition referee is appointed in connection with the filing of a lawsuit involving the partition of real property. After an interlocutory judgment is obtained, a partition referee may be appointed. The partition referee takes possession in order to sell the property pursuant to the court order. Read more.

What is a New Mexico Partition Action?

In the State of New Mexico when more than one person is a co-owner of the property and one of those individuals wants to sell and the other does not want, the law in the State of New Mexico allows the sale of property through a legal action known as partition. Read more.

Why would a co-owner file a partition suit?

A co-owner of real estate in the State of New Mexico may seek to force a sale through the use of a partition referee. This is accomplished by filing a lawsuit for partition and seeking to have a court-appointed referee appointed by the court. It is very common for family members who inherit property from their deceased relatives to end up in disputes. One relative may want to hold onto the property and another relative may want to sell the property. Read more.

What is a partition by sale lawsuit?

This is a process in the State of New Mexico that involves a court-ordered sale of jointly owned property. This usually occurs as a result of a disagreement between two or more owners of real property when one owner wants to sell the property and another does not want to do so. A typical scenario involves children that have inherited real estate from their deceased parents.

There are 2 primary types of partition actions. One is known as a partition by sale and in this instance, the court divides the property into separate portions based upon a ruling of the court and the partition referee distributes the sales proceeds pursuant to a court order. The 2nd type of partition action is known as a partition in kind. Although there is another method known as partition by appraisal where one party is ordered to buy out the ownership interests of the other, this is not common.

What is the partition referee appointment process?

A joint real property owner must file a lawsuit to have respective ownership interests partitioned. This occurs when one co-owner of real property wants to sell the property but the other co-owners do not want to sell. The filing of the complaint permits the forced sale of the property.

A trial occurs thereafter to adjudicate the propriety of the plaintiff’s right to have the property partitioned and seek the appointment of a referee. If the Court approves the plaintiff’s right to seek a court-appointed partition referee, an interlocutory judgment for partition is entered. After entry of the interlocutory judgment, the Court may issue an order appointing a referee.

The Interlocutory Judgment determines the respective ownership interests and how to divide the property to be partitioned, orders the partition of the property, and determines the method of partition.

What is the partition referee sales process?

The property may be sold either via public or private sale, and the referee may make recommendations with respect thereto including the “manner, terms, and conditions of sale”. The Court will only approve the referee’s recommended manner of sale after the conclusion of a hearing upon noticed motion.

Property is typically sold by private sale with the use of a real estate broker. The Court will confirm the sale at a confirmation hearing, at which time, the Court may confirm the proposed sale including all terms/conditions contained in the purchase and sale agreement, or it may reject the proposed sale and direct that a new sale be made. The minimum overbid is an increased offer that exceeds the sale price by 10% on the first $10,000.00 and 5% on the amount in excess thereof and the appeal period begins upon the circulation of the order confirming the sale and expires 60 days thereafter. The referee may only execute the referee’s deed upon receipt of the signed order confirming the sale.

How does a partition referee distribute sales proceeds?

The Court may order an accounting prior to the distribution of proceeds with recommended offsets. This may be a result of waste or nuisance caused by one of the co-owners of the property. It could also relate to rents collected by one party and not shared with another co-owner. The referee will ordinarily file a report with the Court, including the accounting, and recommended distribution. Following the hearing and receipt of an order approving distribution, the referee may proceed with disbursing net sales proceeds pursuant to Court Order.

Sales proceeds shall be distributed in order of priority (1) sales expenses, including referee’s fees (2) other costs of partition, (3) real property liens; and (4) distribution of the balance to the parties as determined by the Court.

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Phoenix Real Estate Receiverships

Court-appointed real estate receiverships provide commercial real estate professionals with a unique opportunity but gaining a solid understanding of the nuts and bolts is essential to success. With more than 20 years of experience administering over 700 receiverships in state and federal court, Stephen Donell, CCIM, president of FedReceiver, Inc., shares his in-the-trenches experience navigating the complexities of this type of transaction and how brokers can best position themselves to work with receivers.

Review the chapter authored by Mr. Donell

Reviving the financially distressed business book by written by Receiver Stephen Donell, CCIM, CPM

Reviving the Financially Distressed Business

Reviving The Financially Distressed Business is the essential guide for business owners and corporate leaders whose companies are under—or anticipating—financial difficulties. See Chapter 11, Receiverships, written by Court Receiver Stephen Donell, CCIM, CPM

Steve Donell’s contribution to the book “Reviving a Financially Distressed Business” reflects not only his expertise as a receiver, but his sound judgment on how receivership can be used to effectively advance a financially troubled business.” 

– Brian Davidoff, Esq. Author and Editor

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