CRE Finance World – January 9, 2017 – Post-Judgment Receiverships: A Creditor Tool to Collect on Judgment
Sometimes it is necessary to take unique or atypical measures to collect a debt.
Our industry has recently seen a number of cases — involving both lenders with money judgments as a result of foreclosure litigation as well as property owners with judgments against former tenants or other parties — in which creditors request help collecting on those judgments.
An emerging option such creditors can use to assist in collection of their judgments is that of a post-judgment receiver, which is available in many — but not all — states. >>> Read More