A receiver is a neutral third-party custodian of assets who has been appointed by a judge to marshal, manage or liquidate assets. For the most part, a receiver takes legal control of real or personal property to protect assets but he/she may also file claims on behalf of an entity or parties to recover wrongfully conveyed property.
While many receivers are appointed to aid in the collection of a judgment, most of our appointments as a Realtor receiver have been to liquidate, manage, marshal, or repair assets.