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Jim Pusateri records weekly a podcast and writes a blog recapping the week of Real Estate, Renovation and Investment news and information. Jim also has a podcast (CD) series of recordings, that  provide common sense advice for the locating, purchasing, rehabbing, managing and selling of distressed properties. (Foreclosures, under-valued)  Listen or download all the episodes here.
 

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Featured Property

6246 Joliet Road
Office Space, Countryside

Agents

Penny Paulos
Home arrow Mortgage Default Srvs
Mortgage Default Services PDF Print E-mail
Monday, 26 December 2005

Site Assessment
Upon the initial takeover we will make an assessment of the property. We will record any building violations, or overall needs of the property, schedule any recommended or required services. Provide property condition reports.

Evictions
Complete eviction services, work with attorney and muicipalities, remove all personal property and debri,cash for keys.

Asset Management
Winterization, Security, Board-up, Lawn care, Snow removal, Hazard / Damage claims negotiations. 

Appraisals / BPO / Listing and Selling
Brokers opinions with listing and sold comparables. List, Market and sell property. We handle all the showings,contracts, Etc.

Occupied Asset Management
Collection of Rents, Leasing, Maintenance, Tenant Relations, Rehab, Unit Turnover, Capital Improvements.

Receivership 

Broadstone Management plays an extensive role in acting as a court appointed receiver for real estate properties. We are typically recommended to the courts by various financial institutions, insurance compaines and attorneys. We have been appointed receiver for commercial, office, retail, apartment, and single family residential properties. Our objective is to professionally manage the property in order to achieve optimal value for the asset.

KEY BENEFITS TO COURT RECEIVERSHIPS

Preserve value of the asset: The appointment of a receiver gives the receiver immediate control over the property. The receiver is usually granted complete control over the property and he can immediately implement a turnaround plan.

Business (Property) Management & Sales

We manage business and property on behalf of creditors, partners, litigants, and lenders. Preserve real estate, operate and collect rents during the redemption period. Reject and renegotiate contracts. Receivers can operate the business through a foreclosure. The receiver can usually be paid out of the cash flow of the business or property. Create Financial statements and operating budgets. Verify payment of taxes, insurance and review operating contracts, leases, etc. Formulate property improvement plan or sale strategy. Sell business or property as an operating entity with solid financial statements. Distribution of monthly financial statements and reports, distribution of funds from dividends, business income and sale proceeds

Loss Mitigation
We work together with creditors to help borrowers preserve homeownership. Our Loss Mitigation team specializes in resolving non-performing assets. Our services for the creditor include: borrower contacting, borrower counseling, property evaluation and inspection, REO Sales and disposition and property management. We help perform workouts with the borrower to either reinstate, refinance or relocate.

Call Today about our REO Services
Evictions, Board-up, Trash-outs, Re-Keys, Cash-for-keys, BPO's, Listing and Selling.

CALL JIM PUSATERI for additional information (815) 483-2424

WE SELL REO 24 HOURS A DAY! 7 DAYS A WEEK! 

Last Updated ( Saturday, 01 March 2008 )
 
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    MLS Equal Housing REALTOR