RECEIVERSHIPS

Receivership Services Brochure

What people are saying about Ackermann Group

About Receiverships

Although it would be great if the services of a receiver were never needed; these services are required despite peoples’ best intentions and efforts. Ackermann Group’s experience coupled with its management systems, market knowledge and relationships can serve as a successful solution to the job at hand.

When a property goes into foreclosure, time and time again the bank and court have chosen to entrust their properties to Ackermann Group due to our commitment, expertise and proven abilities. We have experience with local and national banks, spreading over the entire Kentucky and Ohio region including US Bank, Beal Bank, Bank of America and First Financial Bank.

With over 60 years experience in commercial and residential property management and having been previously named receiver for numerous properties, we believe the qualifications to be named receiver for any property is evident. A few of our current receiverships include vacant land, vacant lots, vacant and occupied apartments and apartment communities.

Ackermann Group is your one stop shop for receivership properties. Not only can Ackermann Group provide receivership services, we are also experienced in all facets of commercial and residential property management.

Mission

Ackermann Group aims to position all properties for long-term stability while maximizing cash flow. Ackermann Group will provide superior service by controlling operational costs while effectively managing your property. Ackermann Group recognizes individual needs and believes the means to our success is through good communication, prompt responsiveness, professionalism and commitment.

Our Receivership Services Include:

Seizure of Assets

• Bank Accounts
• Petty Cash
• All other monies and Securities

Consulting

• Valuations: partner with Real Estate Broker to determine potential recovery
• Property & Financial Assessments; make a hands-on assessment of operations, its competitors, location and profit and loss statements.

Listings and Sales

• Property marketing
• Broker listing with appropriate agencies
• All property information will be detailed and include complete directions.

Customized Marketing Plan

• Email notification and advertising
• Print advertising
• Detailed and Documented closing process
• Clarify closing documents for all parties
• Assemble appropriate parties for closing and ensure accuracy of all closing documents
• Attend closing and collect/distribute proceeds, if required
• Distribute all closing documents to appropriate parties

Contracts and Leases

• Reviewing of insurance policies and coverage
• Reviewing, negotiating, and accepting or rejecting equipment, ground and rental agreements, as each case dictates.
• Handling all vendor contracts, whether they need to be notified, reviewed, renegotiated, and accepted or rejected.

Court Reports

• Assisting counsel in preparing the ‘Order Appointing Receiver’ to assure the court addresses all contingencies in the first hearing, and to avoid repeated trips.
• Preparing and filing all Receiver’s documents and servicing all appropriate parties. These include opening, interim and closing reports.
• Contract negotiations or termination, as appropriate
• Upon foreclosure, quickly winding up the receivership, preparing the final accounting, transferring licenses and franchises to the new owner, preparing and filing final reports, and securing the courts approval and discharge.