Who can be appointed receiver?

A receiver must be a Texas resident who is a qualified to vote. The receiver must be a disinterested, unrelated party. While it is not necessary that the receiver be a Realtor or an attorney, both are helpful.

It is important that the party appointed receiver understand the steps required to close and fund a property in receivership. Without basic knowledge of the process, the ability to file coherent motions, and the ability to set a hearing, the process can be difficult for all the parties involved.