A national homebuilder suffered some serious set-backs in the housing crisis. When the company declared bankruptcy, it left about 30 homes and 30 lots in various states of completion in a neighborhood in Denver. The lender declined an offer from the homebuilder's bankruptcy trustee and instead retained Cordes & Company as receiver. We cleared more than 750 liens, oversaw completion of the homes under construction, and marketed and successfully sold the properties. Our efforts returned $10 million to the lender - considerably more than the $4 million originally offered. With the bank fully repaid, the homebuilder's trustee was able to receive money as well.