Posted by Irwin on May 13, 1999 at 07:16:44:
The receivership is an activity within a state court (as opposed to a federal bankruptcy court) foreclosure proceeding. Reliable information on the status of the proceeding can usually be obtained from the attorney handling the case. A deal might be made with the owner, as in any forclosure, but you would have to negotiate a settlement with the lender. You might consider having an attorney go after this information for you because s/he’ll know what questions to ask.