Receiver


Definition of "Receiver"

Donna Moy-Bruno
Donna Moy-Bruno ERA Key Realty Services

Judicial appointed person who takes possession, but not the title, to real estate during a bankruptcy process referred to as a receivership or a foreclosure proceeding. The receiver is responsible for managing the affairs of the business prudently including collecting funds, paying bills, and carrying out normal business operations. The receiver operates under court direction and may return the real estate back to a solvent status

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Assurance

Giving of a promise or guarantee to the receiver to instill confidence. ...

Receivership/rehabilitation

Case where an insurance company is placed by the state court under the control of the state insurance department. Claims are paid in the order filed u ...

Termination Clause

Provision in a contract that upon a certain occurrence or event the contract is canceled, An example is a contractual term that the written agreement ...

Relocation

The geographic moving of an individual from one region to another usually because of a change in employment. Relocation normally involves the compl ...

Retail Lot Sales

Selling lots of land for such reasons as building structure on them including homes, office buildings, and shopping centers. ...

Commercial Broker

Real estate broker specializing in the listing and selling of commercial property. This property can include apartments, businesses, hotels, industria ...

Popular Real Estate FAQ

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also known as a settlement) ...

What Is A Down Payment?

A down payment is the money you pay up front for the purchase of a home. ...

What Are Paid Advertorials?

Paid advertorials are articles written by public relations professionals that have just one goal in mind - to get you to buy a home. I\'m sure you\'v ...

What Is A Cap?

A limit on an adjustable-rate mortgage. ...

What Is A Title Search?

A title search is the process of reviewing court records and other records to ensure that there are no liens or claims against the property you are bu ...

What Is A Commitment Letter?

A commitment letter is a formal offer of a loan by a lender. The letter states the terms under which the lender has agreed to the loan. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Down Payment: Everything You Wanted to Know Luxury Real Estate Forecast Furnished Rental Tips for Real Estate Investors How to Buy a House Quickly What is a Credit Score and How Does it Impact Real Estate?

FAQ

What are the benefits of Commercial Auto Insurance? What is homeowners insurance? What do I need to know about Group Health Insurance? What is Long Term Care Insurance? What is a survey?