Why might a receiver be appointed to a vacant property?

There are several reasons a court may appoint a receiver to manage a vacant property, including:

• Foreclosure: When a property is foreclosed and not maintained, a receiver protects its value.
• Neglect by property owner: A receiver may step in to address safety hazards or maintenance issues caused by an owner’s inability or unwillingness to act.
• Community concerns: To combat blight or nuisance conditions that negatively impact surrounding neighborhoods, a receiver can take over the property’s care.