IDEAS home Printed from https://ideas.repec.org/p/fip/fedbpc/2010-3.html
   My bibliography  Save this paper

Receivership : a coordinated strategy to stabilize troubled properties

Author

Listed:
  • Chris Edell
  • Kai-yan Lee

Abstract

With the impact of municipal debt burdens, coupled with the effects of declining real estate prices and the US financial crisis, municipalities are looking for novel and cost-effective approaches to address abandoned, blighted and/or foreclosed properties that threaten the quality of life of their communities. Receivership, the use of statutory power to seize buildings and place properties under control of a judicially supervised 'receiver', can be an effective tool to tackle the problem of troubled properties which repeatedly violate safety and sanitary codes. Despite its potential, receivership requires significant coordination, as well as a committed team, in order to implement the intricate process of running a successful receivership strategy.

Suggested Citation

  • Chris Edell & Kai-yan Lee, 2010. "Receivership : a coordinated strategy to stabilize troubled properties," Public and Community Affairs Discussion Papers 2010-3, Federal Reserve Bank of Boston.
    • Handle: RePEc:fip:fedbpc:2010-3
    as

    Download full text from publisher

    File URL: http://www.bostonfed.org/commdev/pcadp/2010/pcadp1003.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Foreclosure - Massachusetts; Housing policy - Massachusetts;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:fedbpc:2010-3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Spozio (email available below). General contact details of provider: https://edirc.repec.org/data/frbbous.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.