Real Estate Owned -R.E.O.When financial or investment institutions have to foreclose on a commercial property the burden of operating and disposing (sell) of the property falls on the institution.
Many of these commercial properties are “special use” such as hotels, marinas or restaurants and require a unique set of skills for both managing and disposing of the real estate.
Institutions cannot afford to let the real estate and or business fall into disrepair. Many times it is advantageous to keep the business running, but more efficiently, and to stop the cash drain. Even if it is better to close the business, the physical building and property cannot be left unattended.
Regardless of the situation, Mantoan can be of assistance:
- Operations
- Consulting
- Building integrity management
- Real Estate sales
- Property Management/Maintenance
- Vacant Property Management
- Rental Income Management/Cash Flow
- REO Sales
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Building Integrity Management
There are a number of reasons why commercial, industrial,
and special use buildings are vacated; foreclosure, voluntary walk-away,
insurance disputes and numerous other reasons.
Regardless of the reason, someone or some entity owns the
land and building. That asset needs to
be taken care of so it does not lose more value.
At Mantoan Consulting we have developed several Assets Recovery
and Protection programs. These programs
range from full service management for operating business to preventative maintenance
and building close-down of non-operating business. All of our programs are able to be tailed to
your needs.
Contact us for more information and to see how we can help
you with your R.E.O properties or if you need a little help with asset
recovery.
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