Across the U.S., there are news stories of borrowers in default and unable to refinance or restructure their real estate loans amid rising interest rates and falling property valuations. In these cases, lenders typically initiate foreclosure proceedings and/or opt for the appointment of a receiver.
Read Bracing for Distress, a comprehensive article by Tom Dwyer, Transwestern’s head of Receivership Services, and Bonnie Boden, EVP of Asset Services Operations for the Midwest region, to understand how Transwestern’s full-service approach can strengthen collaboration and facilitate prompt decision-making – all while ensuring best-in-class practices are deployed to stabilize the property and preserve value.