Real Estate Receivership

Real estate receivership is a legal process where a court appoints a receiver to manage and operate a property, typically when the owner is unable to do so due to financial issues, such as foreclosure or insolvency. The receiver acts as a neutral party, ensuring the property is maintained and its financial interests are protected, often collecting rents and paying expenses. This process aims to preserve the property's value and address the financial disputes until a resolution is reached, either through sale, modification, or settlement of debts.