What If The Property Being Foreclosed Produces Income In Judicial Foreclosures?

In civil actions within the judicial foreclosure process the lender can allege and request in the complaint and subsequent pleadings that the court appoint a receiver, in favor of the lender, who will manage the financial responsibilities of the property, including collecting rents.

Judicial foreclosure affords lenders with certain creative options like injunctive and declaratory relief. In certain cases the courts in a foreclosure proceeding will consider the plaintiffs request to fashion a remedy for the lenders benefit. This is especially true in instances where the property being foreclosed is commercial and income producing.

Consider Negotiation At Every Stage Of Judicial Foreclosure >>

Leave a Comment

Your email address will not be published. Required fields are marked *