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Posted by NJDave on May 08, 2008 at 13:13:38:
In Reply to: foreclosure process posted by Jorgerodr on May 08, 2008 at 11:19:55:
Sometimes, in situations where the lender knows the premises is occupied, but non owner occupied, it will have its lawyers ask the court to appoint a rent receivor .. and the court directs the tenant to send rent to the third party rent receivor. The rent receivor would make sure the premises was insured, and maintained.