These are boom times for receivers. With the brutal real estate market causing owners to lose their buildings to their lenders, more professionals like Hoffman are being tapped to look after properties until they can be resold.
Hoffman is managing about three times as many properties across the country as he was 18 months ago, and he’s convinced that more business is on the way as more owners fall behind on their payments or fail to refinance short-term loans on their properties that are coming due in the months ahead.
“The level of defaults will come as a shock to the general public,” Hoffman said. “I don’t think we have seen anywhere near yet how dramatic that is going to be. The tunnel is still dark.”
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How do become a caretaker for the foreclosed property? I live near Tallahassee, Florida. If you could give me some information on how to contact someone who hires caretakers I would be grateful.
Thank you Pamela Wiegand