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Court Appointed Receiver Ship - Landlord Forum thread 249016

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Court Appointed Receiver Ship by Ams (TX) on February 24, 2012 @09:50

My apartment complex just got appointed a court order receivership. What does this mean?
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Re: Court Appointed Receiver Ship by Katiekate (New York) on February 24, 2012 @10:00 [ Reply ]
You will be receiving instructions on where to send the rent beginning March 1.

Don't sent the rent to the landlord...wait till you get the information from the court appointed receiver.
Re: Court Appointed Receiver Ship by Bryan (Ia) on February 24, 2012 @10:38 [ Reply ]
Most likely means the complex is bankrupt.
Re: Court Appointed Receiver Ship by Mark on February 24, 2012 @12:46 [ Reply ]
Often when an apartment building goes into bankruptcy, the court will appoint a receiver to manage the building until the bankruptcy proceeding has been concluded and the creditors have been paid. The receiver is responsible to the court for the administration of the apartment building.
Re: Court Appointed Receiver Ship by OK-LL on February 24, 2012 @14:01 [ Reply ]
Many commercial mortgages also provide for receivership when the borrower is in default of his mortgage. Just wait for official communication from the receiver or the court and follow the payment directions provided.
Re: Court Appointed Receiver Ship by Eric (MN) on February 26, 2012 @23:01 [ Reply ]
The rent goes to the receiver. If you do not pay the receiver, you get evicted - even if you pay the LL. The receiver pays for taxes, insurance and maintenance.

Your deposit is probably gone.

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