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.