Receivership
MarketPro is able to act as your receiver and is well-acquainted with the court proceedings involved in the foreclosure process. MarketPro will work closely with both clients and attorneys, ensuring that the order appointing the receiver is comprehensive in its scope and authority.
The MarketPro team has extensive experience working directly in collaboration with both lenders/special servicers and with our real estate service partners as receiver for all types of distressed properties. MarketPro will develop an asset-specific restructuring plan that will generate measurable results and maximize the value of your asset.
Our number one objective is to work with the court to achieve your goals, including:
Control of the property’s income/expenses
Identification and performance of deferred maintenance and restoration of suspended services
Stabilization of the tenant base
Preparation of the property and records for sale
MarketPro’s comprehensive transition program:
Ensures an efficient transition
Allows us to identify opportunities to generate additional revenue, and
Provides a benchmark for operating and capital costs
MarketPro has the capability, utilizing a combination of in-house experts and established strategic alliances, to provide the following services to support the stabilization and recovery of your assets:
Property Management
Project Management
Litigation Support
Facility Audit
Lease Abstraction
Insurance Certificate Review
Budget Preparation
Vendor Abstract and Specifications
Contract Rebidding
Preventative Maintenance Overview
Tenant Relations Outreach Services
Standard Operating Procedures
Accounts Receivable and Collection