Key offers receivership services to lending institutions, asset managers and others. The short-term nature of receivership management differs dramatically from traditional investment property management procedures. We act as an impartial third party intermediary, with the primary objective of protecting the property’s value on behalf of the court while preparing for the possible sale, foreclosure or redemption of the property in the near future.
We have experience in both residential and commercial receiverships. We recognize our principal receivership responsibility is to protect, preserve and maintain the asset as well as those specific responsibilities contained in the order appointing receiver.
Why Receivership
Receivership management can greatly reduce the lag time between taking ownership and selling a collateral asset. Using the foreclosure time to prevent waste and to maintain, preserve and possibly improve a property also increases the chances of maximizing returns on the property, and minimizing risks connected with unpaid bills, liens, tenant abuse or ownership misuse of revenue.
Services
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