Receivership & REO

Paper Street has a strong background in REO management, receivership services and the disposition of distressed properties. Our company has the expertise required for a variety of distressed situations, including the management of non-performing property portfolios, maintenance of performing properties, lease-up, redevelopment of under-performing real estate, and disposition.

 

 

Here is a sampling of services provided to our clients:

Asset Assessment
• Conduct a full inspection of the property and identify problems
• Recommend and coordinate all necessary repairs
• Suggest capital improvements to elevate the asset value

Asset Preservation and Improvement
• Conduct clean-out, board-up, winterization and other preservation services
• Complete repairs and improvements as directed by lender or court
• Rehab properties to make marketable and achieve the highest return

Sales & Leasing
• Provide comprehensive sales/rental market analysis
• Formulate a customized marketing strategy to move product
• Provide expert brokerage services
• Manage rental units, if applicable, including rent collection

Financial Affairs
• Paper Street operates with full transparency
• Timely payment processing of all property expenses
• Monthly financial reports tailored to the requirements of the court and secured creditors
• Collection of assessments and maintenance fees
• Assistance in obtaining proposals for service contracts
• Asset performance analysis
• Revenue collection

Paper Street has the knowledge and resources required to solve distressed property problems quickly, efficiently and with the most favorable bottom-line results. Paper Street Realty is also a licensed General Contractor in the City of Chicago. For additional information about our Receivership and REO Asset Management Services, email us or call 773.857.2282