As Special Servicer, AMRESCO
gets involved with the special servicing needs of a loan when the
that it will have difficulty paying its debts;
more than 15 days past due;
its franchise or lease rights terminated;
substantial other liabilities past due; or
its loan collateral materially damaged or impaired.
When a loan
enters special servicing, AMRESCO will:
the loan or collateral position;
pursue all creditor's rights in bankruptcy proceedings; or
into other “workout” negotiations in an effort to maximize
total recoveries on the loan.
AMRESCO's experienced team of Asset Managers develop a specific strategic action plan for each defaulted loan designed to maximize the recovery on that loan. Each action plan is documented in an Asset Review Report which is provided to the client monthly, or quarterly, as requested.
AMRESCO serves as Special Servicer on numerous securitized transactions with excellent results.