The firm leads way in obtaining preliminary injunction appointing receiver for abandoned multi-unit properties

Members Jerry Cuomo and Gerald Ford and associate Autumn Knicely-Quito successfully represented the Federal Home Loan Mortgage Corporation (“Freddie Mac”) in the United States District Court for the District of New Jersey and obtained a preliminary injunction and order appointing a Receiver to manage two multi-family properties in Jersey City and Perth Amboy, New Jersey, which had been abandoned by the property owner and manager.  The owner/manager (Freddie Mac’s borrower) was under criminal investigation by the FBI, and also abandoned nearly 70 other properties in New Jersey.  Following LCBF’s lead in successfully obtaining relief, several other lenders (represented by prominent New Jersey and national law firms) adopted Freddie Mac’s filings in order to obtain the appointment of a Receiver to take over management of their properties.