Non-performing real estate properties create unique challenges to their owners, lenders, and managers, including vacancy, lack of cash flow, poor physical condition, legal issues, and ultimately foreclosure.
As a court appointed receiver, we are uniquely positioned to assess the physical condition of any property and implement procedures to maintain the physical and financial operations of properties as they proceed through foreclosure. Continuity of operations, maintaining a safe environment, and providing comprehensive reports to the court are our primary objectives.
We provide similar services to REO departments and work closely with them to effectively reposition properties in the market. Some of the measures we take include redevelopment plans, rebranding a community, overcoming code violations, or completely changing marketing programs. Our primary objective in these cases is to facilitate a smooth disposition at the best possible price.