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Real Estate/Development

Jul. 28, 2011

Receivership properties boom

While most segments of real estate are still sagging in the sour market, lawyers say one area is jumping by leaps and bounds and keeping them particularly busy: sales of distressed properties by receivers.


By Jason W. Armstrong


Daily Journal Staff Writer


While most segments of real estate are still sagging in the sour market, lawyers say one area is jumping by leaps and bounds and keeping them particularly busy: sales of distressed properties by receivers.


Real estate lawyers say their work on deals involving properties in receivership is booming because of the downward spiral of commercial real estate. Banks more often are using receivers - co...

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