Receivership Services

SAM understands that appointing a Receiver is a last resort for lenders, but when necessary, SAM forms a proficient team to preserve and maximize the value of disputed assets. With expertise in receivership and legal procedures, SAM offers customized solutions for non-performing loans, managing rent collection, property maintenance, leases, and financial obligations to ensure optimal asset protection and value preservation.

Reduce Your Debtors Leverage

"In New Jersey, it's common for debtors to file multiple bankruptcies in response to a single foreclosure complaint, ultimately delaying the inevitable and increasing both property carrying and legal costs. Appointing a receiver can help reduce a debtor's financial incentive to prolong the foreclosure process, ensuring a more efficient resolution."

Enabling an Investor to Bid with Confidence

When a lender is considering selling debt or bringing an asset to a future foreclosure sale, they face the challenge of making sure the potential transaction is transparent and attractive to investors. This is where the receiver becomes invaluable.

By stepping in to take control of the asset or distressed loan, the receiver offers an independent, objective view of the property's current state. This oversight reduces the risk of any hidden surprises for investors, such as undisclosed liabilities, poor property management, or unrealistic borrower claims. The receiver can also address issues such as deferred maintenance or financial mismanagement, making the asset more appealing to investors.

In a situation where a lender is looking to sell the debt, the receiver can manage the asset, perform necessary due diligence, and even help market it to potential buyers. This active management provides not only a clearer picture of the asset's true value but also increases the likelihood that the deal will be structured in a way that maximizes returns.

In essence, receivership provides a structure for managing distressed assets and loans that benefits both lenders and investors by bringing transparency, professionalism, and confidence to the table. It can turn a potentially risky or opaque deal into a much more appealing and predictable investment opportunity.

Comprehensive And Efficient Receivership Services

At SAM, we thrive on adding value to our clients. We recognize that not every non-performing loan is a good candidate for a rent receiver, so we offer potential clients various options. In most cases, borrowers in default continue to collect rent while their loan is in default. With a steady stream of income and without the burden of paying the property’s expenses (such as water, taxes, utilities, and repairs), the less the property will sell for due to existing encumbrances.

With a receiver in place, this will no longer be the case. Without the benefit of receiving income while not paying bills, many borrowers will realize that the gravy train is coming to a halt.

In situations where the lender wants to take the property back because of perceived value, we can also assist. Our expertise benefits lenders dealing with non-performing loans. Our understanding of the court system and the issues that arise during this time makes us an invaluable resource to help you through this difficult process.

What We Do as Rent Receivers

  • Collect Rents: Ensuring that all rental income is properly collected and accounted for.

  • Maintain and Repair the Property: Keeping the property in good condition to preserve its value.

  • Manage Existing Leases and Enter New Leases: Handling tenant relationships and lease agreements.

  • Pay Contractors and Service Providers: Ensuring all property-related expenses are managed and paid.

  • Preserve Property Value: Taking all necessary actions to maintain or increase the property’s value.

  • Facilitate the Sale of the Asset: Working towards the best possible outcome for the lender, including marketing and selling the property if needed.

At SAM, we are dedicated to providing comprehensive and efficient receivership services to protect and enhance the value of your assets.