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

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