Florida Property Receiver Force is a bonded, licensed and insured Court Appointed Receiver offering a No-Cost Receivership Program throughout the State of Florida.
As Receiver, Florida Property Receiver Force 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. Florida Property Receiver Force pays the COA/HOA 30% of the rent or their monthly assessment, whichever is greater.
Florida Property Receiver Force can include any properties that are delinquent and vacant or renter-occupied, including abandoned; Lender or COA/HOA owned or in foreclosure; and Probate.
Florida Property Receiver Force prepares and files the petition to gain appointment as Receiver, at no cost or effort to the COA/HOA.
Once appointed by the Court, Florida Property Receiver Force does a complete inspection, including photos, then creates work orders
for the clean-out, repairs, improvements, and replacements, which are reviewed and approved by our Licensed General Contractor.
Once the rehab is complete the property is listed to occupy. Florida Property Receiver Force places vetted and COA/HOA approved individuals into these properties. These individuals are issued an occupancy license, in lieu of a lease, to ensure they comply with all COA/HOA rules and regulations. Florid Property Receiver Force maintains the property while it is under Receivership and issues quarterly reports to the COA/HOA.
Prior to removing the property from Receivership, Florida Property Receiver Force 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. Florida Property Receiver Force is paid separately by the First Lien Holder or Purchaser.
There is never a cost to the COA/HOA. Florida Property Receiver Force's properties are often sold at the foreclosure auction to third party purchasers since they have been rehabbed, maintained and occupied, permitting the COA/HOA to collect the entire delinquent balance, versus the “Safe Harbor” collected when the Lender takes back an abandoned property.
Florida Property Receiver Force has a team with over 39 years of Legal, Property Management and General Contracting experience. All
vendors are vetted, licensed and insured.
Florida Property Receiver Force 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.
