Court Receiver Reno | 877.755.9064 | Receivership Specialists | Court-Appointed Court Receiver | Court-Appointed Court Referee | Court-Appointed Partition Referee | Chapter 11 Bankruptcy Trustee

Court Receiver Reno: Court-appointed receiver, court-appointed partition referee with the knowledge of all types of court receiverships and partition referee appointments. Receivership Specialists: Protecting and improving the value of your real estate, business, or assets, at the lowest possible cost, while disputes are resolved and justice is served | Offices in California, Nevada, Arizona

For new case assignments,
please contact Kevin Singer:
877.755.9064
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Ten Reasons to Appoint Receivership Specialists: Court Receiver Reno

1. Petitioning for a Court Receiver May Lead to a Settlement

While there is no intuitive reason for what may happen once a court receiver is appointed to a case, the very act of appointing a court receiver often leads to settlement. By petitioning the court to appoint a court receiver, you are letting all parties know that you mean business. The opposing party is put in the position of responding to your action by either settling with you or hiring legal counsel to challenge you. You are also letting the other party know that they run the risk of losing control of the disputed asset. Fear of losing the control of the asset often leads to settlement. In addition, the fear of incurring legal and receiver fees can lead to the opposing party wanting to settle.

2. Court Receivers Can Mediate Settlements Between Parties

In many cases, a court receiver acts as a mediator between the parties to the action. Disputing parties may developed a distrust for each other, as a result of their conflict, and look to a neutral party to help resolve the conflict. Since a court receiver answers only to the Judge, not the parties involved, the court receiver is in a unique position to influence a settlement between the parties. One key and very important advantage a court receiver has over a mediator, is the knowledge and experience from working with the assets in question and the parties and attorneys involved. An experienced court receive is often able to obtain an expedited settlement and save both parties time and money.

3. Court Receivers Can Protect Your Property

When assets are under the protection of a court receiver, the court receiver will ensure their safety. An experienced court receiver will, for example, prevent the theft of copper wire or piping, electrical wires and panels, heating units, air conditioning unites, and building materials. Court receivers will also make sure the property is safe from the dumping of hazardous waste. City and county inspectors may issue costly citations if a property is not maintained or managed properly. An experienced court receiver will ensure the property is not subjected to such actions. Having the right court receiver protects your property’s structure and value.

4. Court Receivers Bring a Fresh Approach to Management

Among the first actions performed by a newly appointed court receiver is to strip the opposing party of management and control of the asset. When this happens, the court receiver retains new management. This offers a fresh perspective and approach leading to an increase in efficiency and profitability. The court issued order may direct the court receiver to conduct an analysis of the asset’s current management. An experience court receiver, like Kevin Singer of Receivership Specialists, will have the resources to perform the duties as directed by the court order.

5. Court Receivers May Increase the Value of the Asset

After the recording of a Notice of Default by the lender, it may still take from 90 to 180 days to reach a trust deed sale . An experienced court receiver will take this time to increase the value of the property. Many investors base their offers on the condition of a property at the time of auction. An experienced court receiver will take action to improve the condition of the property and increase the value of the asset. When the asset is a business, an experienced court receiver will take action to stabilize business operations, streamline business practices, and increase the business’ revenue stream.

6. Court Receivers Determine Asset’s Highest and Best Use

The role of an experienced court receiver includes building relationships with appraisers, real estate brokers, management companies, city officials, contractors, inspectors, and other industry professionals. These relationships often provide resources that assist the court receiver in determining the “highest and best use” of an asset. The condition of the property, the condition of surrounding properties, and other factors may impact the value of the lender’s investment. An experienced court receiver often develops a strategy to reposition the asset and maximize the client’s investment.

7. Appointing a Court Receiver Avoids Foreclosure Liability

When a property is foreclosed upon by the lender, the legal title and the legal responsibility for all debts and liabilities is transfered to the lender. Without the assistance of an experienced court receiver, the lender becomes vulnerable to potential liability claims, tenant claims, code enforcement citations, and EPA citations. Even after the sale of the property, the new owners may bring future legal claims. As long as the property is in receivership, the borrower remains on title as the legal owner, allowing the lender to avoid legal liability.

8. Avoid Lender Liability and Stigma of REO Sale

When a property is sold as an REO (Real Estate Owned) property, it may bring much lower offers and have a lower sales price than a property sold in a more conventional manner. If approved by the presiding judge, and included in the court order, a receiver may be given the authority to sell the property. In this instance, the lender is not required to take legal possession of the property and needn’t assume any liability for its sale. The court receiver will sign all sales documents an behalf of the borrower and the lender’s name and reputation will not be stigmatized by the negativity associated with an REO sale.

9. Maintain Property and Liability Insurance

When a property is in distress, the owner of the property (the borrower) often fails to maintain the the property’s structure and liability insurance. Without the proper insurance, the lender’s collateral is at risk. The lender often has the right to institute “forced insurance” in order to protect the investment. This type of insurance has limited coverage and is often expensive. An experienced court receiver will research the property’s insurance status and ensure that proper insurance coverage is in place.

10. Bring in Investors to Resolve Litigation

Most lenders prefer avoid foreclosure litigation and dealing with defaulted loans. They would much rather have their loans to be reinstated, paid off, or sold. An experienced court receiver, without offering specific guarantees, is often able to provide credibility and and transparency to potential investors. Many investors are aware that experienced court receivers handle large numbers of lender’s notes and borrower’s distressed properties. As a result, these investors trust the court receiver has a better understanding of the property and more information than might be provided from the borrower. An experienced court receiver is often able to bring about the most beneficial resolution and avoid potential litigation.

Singer, Kevin A. (2011). Benefits of Appointing a Receiver, http://www.receivershipspecialists.com/court-receivers-benefits-of-appointing-a-receiver (accessed February 21, 2012)

Kevin Singer: Founder of Receivership Specialists For new case assignments,
please contact Kevin Singer:
877.755.9064
Receivership Specialists has been appointed in over 602 cases. If you need an experienced court receiver, court referee, or partition referee in Reno or other areas of Nevada, California, Arizona, or Colorado, call Kevin Singer: 877.755.9064

Our Reno, Nevada Office

Receivership Specialists, Reno
200 South Virginia Street, Suite 800
Reno, Nevada 89501
Phone: (775) 398-3103
Fax: (775) 686-2401
Court Receiver Reno

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Our Other Offices

Receivership Specialists, Los Angeles, California
11500 W. Olympic Blvd
Suite 530
Los Angeles, California 90064
Phone: (310) 552-9064
Fax: (310) 552-9066
Court Receiver Los Angeles, California

Receivership Specialists, Las Vegas, Nevada
7251 W. Lake Mead Blvd.
Suite 300
Las Vegas, Nevada 89128
Phone: (702) 562-4230
Fax: (702) 562-4001
Court Receiver Las Vegas, Nevada

Receivership Specialists, Orange County, California
1 Park Plaza
Suite 600
Irvine, CA 92614
Phone: (949) 238-2801
Fax: (949) 852-4480
Court Receiver Orange County, California

Receivership Specialists, Phoenix, Arizona
2 North Central Avenue
Suite #1800
Phoenix, Arizona 85004
Phone: (602) 343-1889
Fax: (602) 343-1801
Court Receiver Phoenix, Arizona

Receivership Specialists, Reno, Nevada
200 South Virginia Street
Suite 800
Reno, Nevada 89501
Phone: (775) 398-3103
Fax: (775) 686-2401
Court Receiver Reno, Nevada

Receivership Specialists, Sacramento, California
500 Capitol Mall
Suite 2350
Sacramento, California 95814
Phone: (916) 449-9655
Fax: (916) 446-7104
Court Receiver Sacramento, California

Receivership Specialists, San Diego, California
4660 La Jolla Village Drive
Suite 100
San Diego, California 92122
Phone: (858) 546-4815
Fax: (858) 646-3097
Court Receiver San Diego, California

Receivership Specialists, San Francisco, California
1 Sansome Street
Suite 3500
San Francisco, California 94104
Phone: (415) 590-4823
Fax: (415) 946-8837
Court Receiver San Francisco, California

Receivership Specialists, Ventura, California
1500 Palma Drive
2nd Floor
Ventura, CA 93003
Phone: (805) 267-1283
Fax: (805) 654-0080
Court Receiver Ventura, California

Receivership Specialists, Denver, Colorado
Spaces Civic Center
1560 Broadway
Suite 1600
Denver, CO 80202
Phone: (303) 830-1224
Fax: (303) 830-1225
Court Receiver Denver, Colorado

Receivership Specialists, Chicago, Illinois
212 W. Washington Street
Suite 1909
Chicago, Illinois 60606
Phone: (312) 880-9426
Court Receiver Chicago, Illinois

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