Receivership

CMI Real Estate has been an appointed receiver for various mortgages services and lenders.  Our clients can depend on all the necessary acts for a proper and lawful receivership will be followed. Our client list has included:

Bankers Trust              Trent Rosenthal          Prudential Insurance   Texas Commerce Bank

Zion                             Washington Mutual    Bank One

Our duties would include:

  1. Take possession of the property
  2. Take control of any bank accounts
  3. Take and maintain possession of all documents, accounting and other records
  4. Collect rents
  5. Pay all expenses associated with the operation of the property
  6. Create and adhere to all budget guidelines
  7. Present lenders and court officials with all operating statements by the 15th of the month