COURT APPOINTED RECEIVER

No-Cost Program

Property Receiver Services is a bonded, licensed and insured Court Appointed Receiver located in Melbourne Beach that offers a No-Cost Receivership Program throughout the State.

As Receiver, Property Receiver Services rehabs, manages, maintains, secures and rents the vacant delinquent properties at no cost to the COA/HOA. The COA/HOA has no liability or cost and is held harmless. Property Receiver Services pays the COA/HOA 30% of the rent or their monthly assessment, whichever is greater.

 

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Property Receiver Services reduces COA/HOA debt and liability; beautifies the community by eliminating code violations and maintaining and preserving the homes; improves the community’s economy; increases property and adjacent property values; and ensures the safety of residents, communities, and properties by eliminating infestations and reducing neighborhood crime, vandalism, and unlawful occupation.

Experience and Expertise

Property Receiver Services has a team with over 39 years of Property Management and General Contracting experience.

Managing Partner, Harold B. Klite Truppman, is an attorney with over 29 years of experience, receiving his Juris Doctor, Law from the University of Miami. Additionally, Mr. Truppman also holds an MBA in Business from the same.

All vendors are vetted, licensed and insured.

SERVICES

 Receivership

Property Receiver Services will file at no cost to the
COA/HOA to gain Receivership on the properties identified by the
COA/HOA.

Rehabilitation

Property Receiver Services will rehab the vacant
properties at no cost to the
COA/HOA and maintain them to the standard of the community.

Occupancy

Property Receiver Services will occupy the properties with vetted and COA/HOA approved individuals.

Payment

Property Receiver Services will pay the COA/HOA 30% of the rent or their monthly assessment, whichever is greater and negotiate with the first lien holder/purchaser to
recover the statutory “Safe Harbor”  or the entire delinquent balance.

BENEFITS FOR COA/HOA

 

No-Cost Program 

Our specialized Receivership program is FREE to the COA/HOA.

Recover Delinquent Balances Owed

Prior to removing the property from Receivership, Property Receiver Services recovers for the COA/HOA the statutory “Safe Harbor” where applicable or the entire delinquent balance. 100% of what is collected for the COA/HOA is paid to the COA/HOA.

Increase Cash Flow and Reduce Debt

Property Receiver Services pays the COA/HOA 30% of the rent or their monthly assessment, whichever is greater.

Clean up and Rehab Properties

Property Receiver Services pays for the initial clean up and improvements for each vacant property.

 

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