What is Receivership and How Does It Work? | Richard Ormond - Buchalter

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On today's episode, I welcome the founder of Ejudicate, Inc. and Partner/shareholder at Buchalter APC, Richard Ormond.

Today you are going to hear about potential real estate investment opportunities that may emerge in the wake of COVID-19.

Richard and I met back in 2008 during the depths of the last downturn and today you'll hear us dust off some of the terms we used at that time: receivership, restructuring and turnarounds.

Importantly, you'll also find out how you can help get our country back on the road to recovery while making money doing it.


And thanks for watching today's video where we went over receivership in real estate and what it means, along with how it works. If you enjoyed it please leave a like rating and comment and don't forget to subscribe to the GowerCrowd YouTube channel.

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Here's a question: Can a court appointed receiver also be a real estate investor? I was a joint owner of a property and the receiver the judge appointed is a real estate investor. The attorney the receiver hired to help evict the other owner is also a real estate investor. I believe they are using their powers of receivership to acquire properties. Is this allowed? Thank you

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Adam, I am a real estate agent in the Los Angeles area. Do you have any advice on how to reach receivers? I understand, often times they are left with properties that need to be sold. I would love to work with them! Any advice with be much appreciated.

gavstark