• Just petitioning a court for a receiver often triggers a settlement.
• A receiver is in a good position to mediate a settlement amongst the parties.
• The receiver protects the property.
• The appointment of a receiver can bring a fresh approach to the management of an asset.
• A receiver can improve the value of the asset.
• A receiver can help determine an asset's highest and best use.
• Appointment of a receiver can help a lender avoid the liability of taking ownership of an asset upon foreclosure.
• Having a receiver sell a property helps avoid the potential lender liability and stigma of an REO sale.
• A receiver can keep a property insured and do it at a reduced cost.
• A receiver can bring investors in to resolve litigations.

A receivership is an equitable and legal remedy that may be used to acquire possession of property by a court appointed party known as a receiver. A receiver's powers are derived directly from the appointing court. The receiver is a disinterested party who represents and protects the interests of all other persons for the receivership property.