Mare Island Townhomes, Vallejo

At the request of Wells Fargo Bank the Solano County Superior Court appointed Robert Upton as Receiver for a partially completed condominium project on Mare Island whose developer had filed for bankruptcy.

Acting as Receiver, the units were completed and sold at prices well in excess of appraised values. Wells Fargo was returned 100% of it's outstanding loan balance together with all additional funds advanced to manage and complete the project.

For further information on the Mare Island receivership, click here.