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767: Multifamily Market Update + What a 20 Year Veteran Knows That You Don’t w/Angie Smith

BiggerPockets Real Estate Podcast

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What Is Receivership?

There's also a concept called receivership. You're actually appointed by the courts in the county in which that property is located. The court literally appoints you receiver and you report to the court. So if a property goes into foreclosure, the lender has taken it back. And then they hire a management company to operate it. They fund you, you operate until such time as the lender wants to sell the asset.

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