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In re Avon Townhomes Venture

In re Avon Townhomes Venture

Ruling
Real estate broker that had not obtained court permission to provide services to debtor ordered to disgorge commission.
Procedural posture

Debtor, an entity that was created to develop real property, declared bankruptcy and asked the court for permission to sell its sole asset: a parcel of partially-developed property in Lathrop, California. The court issued an order on July 30, 2010, which directed a real estate broker and a company the broker owned to respond to the court's preliminary decision to order the broker and his company to disgorge a commission they were paid.

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Commercial opinion summary, case decided on October 15, 2010 , LexisNexis #1210-102