La Preserve, LLC

Wells Fargo Bank, NA as successor to Wachovia Bank National Association v. La Preserve, LLC.

Appointment as receiver for an interrupted real estate development located in Fort Lauderdale, Florida, known as La Preserve.  The project was comprised of 50 complete and incomplete homes.  On behalf of the first lien holder, the receiver (i) secured all developer records; (ii) furniture, fixtures and equipment; (iii) secured all rented homes; (iv) collected rents from rented homes; (v) maintenance and securing of all homes for the duration of the receivership.  The receiver preserved the real estate assets and cash flow until the completion of a successful auction sale was conducted.  Successfully discharged at the conclusion of the receivership.