Towd Point Mortgage Trust 2019-4 v. Leslie Bodwell

Summary

The court vacated an order finding the mortgaged property abandoned and appointing a receiver with authority to sell it before final judgment in the foreclosure action. It held that the applicable statutes do not authorize such a receivership and that equitable receivership was unavailable because the mortgagee had adequate legal remedies, including foreclosure and contractual rights to protect the property.