CFO Jimmy's Patronis' Seal

How to Buy Real Property

This section provides guidance on the steps required to purchase real estate from a company in receivership.

  • Commercial Property:
  • Residential Property: None
  • Other Property

Below are the procedures involved in the purchase of real estate. The first step will allow an interested party to pre-register with the Receiver to receive notification when real estate is for sale. The remaining steps identify various processes that have to be completed to finalize the transaction.

  1. Register with the Receiver to be notified when real estate become available for sale.
  2. Request information from the Receiver in order to perform due diligence.
  3. Submit an offer to purchase real estate to the Receiver.
  4. If the offer is recommended, execute an agreement with the Receiver.
  5. The Receiver will seek Court approval of the transaction.
  6. If the transaction is approved by the receivership court, complete the remaining requirements within the executed agreement.