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Levin, Rotenberg: Rethinking the need to bring in a receiver

Consider becoming a mortgagee-in-possession when a borrower with income-producing property defaults

Lenders’ counsel typically take steps to prevent their clients from being deemed to be mortgagees-in-possession of distressed real property. However, under some circumstances it may be advantageous for a lender to become a mortgagee-in-possession.

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