Root Realty Lender Services

Root Realty Lender Services

by

Danny Simmons

Since 1983 Root Realty has been a Chicago property management and real estate sales company. As their reputation for exceptional service spread they became the ideal real estate company to serve the Wealth Management Divisions of Chicago’s leading financial institutions. Serving as a property manager and real estate broker for a variety of guardianship situations Root Realty became a trusted Chicago real estate company that could handle multi-family and commercial property management, as well as real estate brokerage.

When real estate sales began to stall and values dropped, many of Root Realty’s institutional clients ended up having mortgages go into default. Because of the reputation for quality Chicago property management and real estate brokerage Root Realty had established, many of Chicago’s lenders contacted Root Realty to inquire as to whether they would be able to assist with their distressed assets. At first Root Realty was contracted to manage and sell bank owned or REO property. The reason the lenders needed the help of Root Realty is because they did not have the expertise or capacity to deal with managing property. The Chicago Residential Landlord Tenant Ordinance needs to be followed strictly and Root Realty’s property management team is a group of experts. When the lenders need to dispose of the real estate, Root Realty was the ideal real estate broker because they are a commercial real estate company with access to the residential multiple listing service. What does this mean to a lender? As a commercial real estate sales company in Chicago, Root Realty tracks all the transactions in the markets they cover, know the active buyers, and have the respect of those buyers, so that when Root Realty calls, the buyer will listen. With access to the residential multiple listing service, Root Realty can put the property in front of all of the broker members in Chicago. This is especially helpful when the ideal buyer is a small to mid-size real estate investor. Because of these two marketing channels Root Realty can market the company to the largest group of brokers and also take a pro-active approach to sales by calling the contacts from their rolodex that has been complied over the last 27 years. In the beginning of 2009 one of Root Realty’s clients asked if they would be interested in becoming an Illinois Court Appointed Receiver. One of the lenders loans was in default and the property was heading towards foreclosure. The lender wanted to have a Receiver appointed to collect rent from the tenants in the property and also insure the property was maintained in order to preserve the value of the asset. Root Realty successfully managed the property during the foreclosure and was subsequently hired to list the property for sale. Root Realty’s sales team created a marketing campaign that was executed to perfection. The property ended up being sold at price that exceeded the lenders expectations and cemented Root Realty’s reputation as a leader among Chicago property management and real estate sales companies that offer service to lenders. Root Realty has continued to be a leader among Chicago real estate companies offering Real Estate Sales and Property Management in Chicago to lenders with distressed assets.

Root Realty Inc. is a

Chicago property management

and real estate sales company, which has been providing exceptional service on all types of commercial real estate transactions since 1983. Aside from property management and real estate sales, we have been engaged in a number of other projects, including receivership, REO consultation, land contracts, partnership dissolution, commercial leasing, re-development projects, and feasibility consultation. No matter what your real estate management needs might be, we are here to help.

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