Chicago Receivership Services
Lenders with distressed assets in the Chicago area need to know that their properties are being maintained and preserved while collecting any income the property may generate. Joseph Root is Appointed as a Receiver and provides courts throughout the State of Illinois with knowledge in this niche expertise. Lenders can trust that Root Realty will handle the asset with the skill and know how that has been refined over 27 years.
In Chicago Receivership has become a very important business. Root Realty is an expert in the field and has been Appointed by most of the Judges in the Chancery Courts. Root Realty provides Chicago with Receivership services that will be respected in the courts and by the attorneys who practice commercial mortgage foreclsoure.
During a Receivership case Root Realty will:
- Stabilize or Preserve a Property
- Collect Rental Proceeds
- Gather interest from potential purchasers
- File Court Reports & Attend Hearings & and prepare monthly operating reports
We welcome lenders to contact us to discuss our Chicago Receivership Service and find out if we may be able to help with distressed properties.