Receiver
Barron's Real Estate Dictionary:
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Receiver
One who is authorized by the court to control a property while it is involved in litigation before the court.
Example: Brown & Smith, a law firm, was appointed by the court to serve as receiver for the apartment building involved in a bankruptcy procedure.
Example: Brown & Smith, a law firm, was appointed by the court to serve as receiver for the apartment building involved in a bankruptcy procedure.
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Barron's Real Estate Dictionary
Dictionary of Real Estate Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
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