MB Plaza, LLC v. Wells Fargo Bank, National Ass'n

ALTENBERND, Judge.

MB Plaza, LLC, appeals a nonfinal order appointing a receiver in a pending foreclosure action. We affirm the trial court’s decision to appoint a receiver, but we reverse the order appointing the receiver to the extent that its content is far more extensive than that which could be justified by the presentations at the short hearing to appoint a receiver.

MB Plaza owns and operates a commercial shopping center with several tenants. It signed a promissory note that is currently held by Wells Fargo Bank. The note is secured by the real property associated with the shopping…