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Business is Booming for Real Estate Receivers

August 20, 2009 11:08 a.m.

What happens to those half-finished construction projects when they are abandoned by the developer? The properties are often times handed over to a receiver, who is tasked with managing the distressed property and eventually producing some form of income for the lender. We speak to Doug Wilson about what he does as a receiver, and about why his business is booming right now.

Related Story: Business is Booming for Real Estate Receivers