This summarizes the key points from an original article entitled: Benefits of Appointing a Receiver by Kevin Singer, founder of Receivership Specialists.
1. Petitioning the Court for a Court Receiver Often Leads to a Settlement
2. Court Receivers can Mediate a Settlement Between Parties
3. Court Receivers Protect Your Property
4. Court Receivers Bring a Fresh Approach to Management
5. Court Receivers Can Increase an Asset’s Value
6. Court Receivers Can Determine an Asset’s Highest and Best Use
7. Appointing a Court Receiver Avoids Foreclosure Liability
8. Avoid Lender Liability and Stigma of REO Sale
9. Maintain Property and Liability Insurance
10. Bring in Investors to Resolve Litigation
For more information, please check out the original article: Singer, Kevin A. (2011). Benefits of Appointing a Receiver, http://www.receivershipspecialists.com/court-receivers-benefits-of-appointing-a-receiver (accessed February 21, 2012)