Credit: zimmytws/stock.adobe.com Are Lender Receivership Rights in Peril?
One of the most powerful lender rights is the appointment of a receiver to monitor and marshal the collateral as necessary. Recently, this right has been called into question in a recent slip opinion in Wells Fargo Bank, N.A. v. JTRE 240 E. 54th St., discussed here.
March 14, 2023 at 09:00 AM
5 minute read
Real Estate
A foreclosing mortgage lender has a number of tools to enforce its rights and protect its collateral, including some that are equitable, some contractual and some statutory. One of the most powerful lender rights has traditionally been the appointment of a receiver to monitor and marshal the collateral as necessary, which can be both contractual and statutory.
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