Posted in: Bi-Weekly Receivership Education, Distressed Asset Receiverships

RECEIVERSHIP AS A REMEDY TO ADDRESS ECONOMICALLY DISTRESSED PROPERTIES

If a property is underwater and/or in a blighted condition with numerous are lienholders hesitant to foreclose? The answer is often receivership. If a property is underwater, but some equity exists a receiver can be appointed to take control of the property and eventually sell the property pursuant to California Code of Civil Procedure (“CCP”) § 568.5. The receivership sale must be

Read More "RECEIVERSHIP AS A REMEDY TO ADDRESS ECONOMICALLY DISTRESSED PROPERTIES"