Inside the world of Multi-family Defaults, Fraud, Receivership with Receiver Brian Casey
From Baltimore RE full circle by Yaakov Kanevsky
December 11, 2025 · 1h 5m
About this episode
Yaakov interviews Brian Casey about the challenges and realities of the distressed real estate market, including fraud and receivership.
In this episode of Baltimore RE Full Circle, Yaakov sits down with Brian Casey, president of The Casey Group and one of the region’s most experienced court-appointed receivers. With more than 47 years in banking, workouts, and turnaround management, Brian pulls back the curtain on what’s really happening inside today’s distressed real estate market. From fraudulent leases and inflated appraisals to DSCR loan failures, partner disputes, and assets collapsing under unrealistic underwriting, Brian walks through real cases he’s managing — including properties with fake units, made-up rent rolls, and multimillion-dollar valuation mistakes. They discuss why vacancy and rent-growth numbers are often misrepresented, why so many owners are struggling, and how lenders are finally cracking down after years of looking the other way.
People in this episode
Host: Yaakov Kanevsky
Guest: Brian Casey
Topics covered
- multi-family defaults
- real estate fraud
- receivership
- distressed real estate market
- banking
- turnaround management
Keywords
- multi-family defaults
- real estate fraud
- receivership
- banking
- turnaround management
- vacancy rates
- rent growth
- DSCR loan failures
Mentioned in this episode
Organizations: The Casey Group
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