Woo-hoo, receivership! Vandeberg Johnson & Gandara's John Holmes and Washington Federal's Norm Culbert dropped in on the recent CCIM luncheon at the Seattle Yacht Club to chat up a subject that can make people's toes curl a bit. John and Norm acknowledge that discussing receivership in CRE may be akin to talking about your hip replacement surgery at the dinner table, but they nevertheless had the audience rapt through their presentation. We knew that receivers are third-party referees, appointed by the court at the behest of lenders or creditors with, to put it delicately,"problem owners." Here are five things we didn't know:
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5 FUN FACTS ABOUT RECEIVERSHIP (REALLY!)
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