CoffeeWorks
New Member
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Hi all, My bank appointed a receiver over a commercial property which I unfortunately own (and is in arrears), at the same time they appointed a receiver they also sold the loan to a vulture fund. The receiver is saying that despite the fact that the loan is now the property of another legal entity they are still the receiver and rent should be paid to them, can anyone clarify whether this is the case ? I have asked the vulture fund for clarification but have not heard back from them.