Receivers Maximize Value of Distressed Assets, While Saving Lenders Money

Lenders are finding that taking properties back is the easy part. As the number of real estate-owned (REO) properties in California mount, a challenge for lenders is identifying purchasers with access to acquisition financing and an appetite to take on bank-owned properties.

As an alternative to non-judicial foreclosure, the use of court-appointed receivers to manage, market and ultimately sell distressed properties is gaining momentum in the state.

To view the article by J. David Larsen in its entirety in the National Real Estate Investor, go to http://bit.ly/93fKB1.