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Receivership Hearings Appear to Be on the Rise

Requests to serve as receiver increased moderately but noticeably for Trigild at the beginning of 2017, and next year may outpace this year as maturities continue and lenders' scrutiny responds, Bill Hoffman tells GlobeSt.com.

By Carrie Rossenfeld | carrierossenfeld | Updated on October 12, 2017

Bill Hoffman Hoffman: “We have learned in the last few decades that receiver sales often garner higher selling prices than foreclosure sales and may draw more interest without the stigma of foreclosure.”

SAN DIEGO—Requests to serve as receiver increased moderately but noticeably for Trigild at the beginning of 2017, and next year may outpace this year as maturities continue and lenders’ scrutiny responds, CEO Bill Hoffman tells GlobeSt.com. Hoffman, an expert on receivership law in the industry, has more than 40 years of experience as an attorney, real estate broker and court-appointed receiver for more than 800 assets.

Each year, Hoffman shares the latest updates on receivership law at the Annual Trigild Lender Conference here later this month. Additionally, his company will be releasing an updated version of the Trigild Deskbook, a 50-state guide to receivership, just prior to the conference. We spoke with Hoffman about his presentation, trends in receivership law and the implications for the commercial real estate industry.

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