Receiverships

The principals of PSA personally serve as the court-appointed Receiver for the protection, management and conservation of business assets (primarily real estate) requiring oversight, direction and authority during foreclosure or litigation proceedings.

Receivership appointments are typically at the request of a secured lender. The Receiver, with the support of PSA's property management and administrative resources, is employed as an officer of the appointing court to work with the requesting party, agents and other professional advisors associated with the asset to be protected.

PSA has developed a three-phase methodology through which receivership assets are managed which is illustrate as follows: