Lloyd Berger answers: When is a receiver appointed and why?

Berger Commercial Realty  /   September 27, 2016

There are many reasons a receiver is appointed, the most common of which is when a lender feels that their mortgage is in jeopardy and the property value is no longer great enough to satisfy their mortgage. Other reasons a receiver may by appointed would be partnership disputes, when people can't agree on how to operate a property, or any time an interested party does not feel like they are being properly represented.

More Berger Bites – Real Estate Analysis & Insights

• What is a project manager?
• What will be done to market my property if I list it for sale?
• Who pays the property taxes on a commercial space?

« Previous   Next »