There's a New Sheriff in Town

Receivership is a frequently used remedy for lenders faced with defaulted loans collateralized by income-producing properties, such as shopping centers.

29 minute read March 27, 2012 at 12:24 PM
By
Aubrey Waddell and T. Bruce McGowin
There's a New Sheriff in Town

A real estate receivership is a judicial proceeding in which a court, typically upon the request of a mortgage lender, appoints a fiduciary to preserve and protect the property that collateralizes its loan.

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