💼 Receiver's deed
The receiver's deed is a legal document that outlines the rights and responsibilities of the receiver with regards to the law. This document covers the receiver's duties to the court, the property owner, and the lender. Additionally, the receiver's deed outlines the receiver's authority to take possession of and manage the property.
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Associated business activities
Execute by receiver
If the owner of a property with a mortgage or other lien dies, the lender may foreclose and sell the property to pay the owner's debts.
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