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Archive for July 1, 2016

01
Jul

Three Things That Happen When Property Goes Into Receivership

Written by admin. Posted in Commercial lease chicago, Receivership services, Reo properties

Chicago commercial real estate

When commercial real estate does not go as planned, the court system often steps in to finalize sales and debt recovery. A property management company loses control of its assets if the properties move into receivership. Receiverships are the result of business disputes and real estate closures. Additionally, a divorce can also lead to the implementation of receivership services.
Number One: Financial Hardships Lead to Receivership Services
Occasionally, receivership services are initiated by impatient creditors. For the most part, however, the receivership process occurs when an owner can no longer meet the financial obligations for