What are the steps in the receivership process?
Step 1: A community identifies a property in violation of state or local health and safety codes, as well as the property owner’s failure to correct these violations;
Step 2: The community nominates a receiver via petition to the court (the notice given to the property owner relies on the severity of the threat);
Step 3: Once a receiver is appointed by the court, the property is under direct control of the court via the court-appointed receiver;
Step 4: The receiver creates and carries out a rehabilitation plan for the property and obtains lien financing—all under direct authorization of the court;
Step 5: The property owner, via the equity in the property, is responsible for paying the community‘s enforcement costs and legal fees, as well as the cost of the property’s rehabilitation and receivership fees. In short, the property pays its own rehabilitation costs.
https://www.calreceivers.com/frequently-asked-questions