Dover Associates Joint Venture v. Ingram

OPINION

STEELE, V.C.

This is the Court’s ruling on a petition for appointment of a receiver to collect rents, manage and maintain property pending mortgage foreclosure and deficiency judgment proceedings in the Superior Court. I must decide whether this *972Court should authorize interim equitable relief to protect a mortgagee’s interest after foreclosure but before the law court resolves a contested deficiency action.

On June 21, 1996, respondents William P. Ingram and Margaret A. Ingram executed and delivered a.Mortgage, Security Agreement and Assignment of Rents (“Mortgage”) to petitioner Dover…