On July 31st the manager of the bankruptcy trust put out an update talking about their efforts …. these comments on the activity to get the real estate in the LA area sold were very helpful.   What’s below is a quote:

One of the most common questions I receive is why the sale of properties is not going faster. One of the primary reasons is that when Woodbridge filed bankruptcy, many of the properties that it owned were unfinished—some of them in very early stages of construction, and others where construction had not even been started. Therefore, the Wind Down Entity has been focusing a large part of its efforts on completing the construction of the unfinished homes (that are not ready to list for sale)

The link to this full memo from July 31st is here

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