Asset Evaluation / Marketing Strategy
The goal as receiver is coming in and determining what you have, what you want and how to move the asset. Forming an effective marketing strategy can solve numerous common challenges such as a declining market, deferred maintenance or a lack of interest
Construction Management
The court order that establishes the receiver’s powers often includes language authorizing the receiver to take steps to complete a project.
Cost Analysis / Financial Controls / Waste Controls
Taking financial control, analyzing the costs, and reviewing the books help to determine what a projects full potential can be and help to create an understanding of a property's potential value.
Environmental Issue Remediation
A lender who has made a loan on property that is subject to potential environmental liability faces multiple risks. A receiver has quasi-judicial immunity, he or she is not liable for acts taken which are specifically directed by the court.
Income Collection
By putting a Receiver in place the lender can feel comfortable knowing what income is coming in and how it is being used.
Liability Shield
The Receiver acts as a shield to the secured lender because a Receiver’s actions are considered actions of the Court, and it is the Receiver of the Court, not the lender, that makes the decisions related to the property.