Receiver Takes Control Over Minnesota Builder's Assets

In Minnesota, the Minneapolis Star Tribune reports:

• U.S. District Judge Ann Montgomery appointed a receiver Thursday to take control of the remaining assets of the Parish Marketing & Development Corp. of Eagan, which pleaded guilty in a giant mortgage-fraud conspiracy that roiled several southern Twin Cities suburbs. Gary Hansen, an attorney with the Minneapolis law firm Oppenheimer, Wolff and Donnelly, will assume control of the home builder's business operations, preserve and manage its assets, and oversee their sale for the benefit of victims and creditors.

For more, see Court-appointed receiver will dispose of Parish Development (A Minneapolis lawyer is overseeing the sale of an Eagan firm involved in mortgage fraud).

Go here for other posts on Minnesota homebuilder Parish Marketing and Development.