Receivership

Services

Court-appointed receivership services for commercial real estate Houston

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 to be followed. Our client list has included: Bankers Trust, Trent Rosenthal, Prudential Insurance, Texas Commerce Bank, Zion, Washington Mutual and Bank One

Our duties would include:

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

Frequently Asked Questions

What is commercial receivership?

Commercial receivership is a court-supervised process for protecting, stabilizing, operating, and improving a distressed property or asset.

What does a commercial receiver manage?

CMI can coordinate property operations, tenant matters, vendors, reporting, asset protection, stabilization, and turnaround activities.

Where does CMI provide receivership services?

CMI provides commercial receivership services in Houston, Dallas, and surrounding Texas markets.