330 Moorland Street Vallejo, CA 94590 was a property owned by someone that died years ago. Bank of New York “BNY” held a mortgage to the Property and eventually foreclosed taking title to the Property, but BNY refused to put it up for sale. The Property remained in BNY’s name, but it refused to take control of the Property. Since, nobody was taking care of the Property it was overrun by squatters who engaged in extensive drug use and criminal activity at the Property. The Vallejo Police Department was called to the Property over fifty times, and numerous squatters occupied the Property without running water. Furthermore, the Building Department red-tagged the building several times and Code Enforcement issued thousands of dollars in fines. Despite the substantial efforts by the City the squatters continued to occupy the property and engage in criminal activity.
The activities at the Property substantially endangered the surrounding community and the City was left with no other choice, but to file a receivership petition. Therefore, a receivership petition was filed creating the Solano County Court case # FCS043485. The case was then heard by the Hon. Michael Mattice who appointed a receiver over the Property. The receiver then took control of the Property and began abating the dangerous conditions it presented. Eventually the property was repaired and sold to a young family for $198,000. The as-is value for the Property prior to the receivership was $67,500, which means the value increased $130,500. Furthermore, the City of Vallejo negotiated a settlement with BNY and received $3,800. Below are before and after pictures of the Property.