Receivership Services

Collective Experience in Receivership – Custodial Responsibility Services

Education

Paula Forshee - Sam Houston State University - Bachelor of Science and Post Graduate work specializing in Real Estate 1985.

Jeff Forshee - U.S. Army Sargent 2004-2014 - Combat Engineer specializing in construction and demolition.

The combined team has served at Receivers for courts around the United States. Below are a sampling of the assignments that Catalyst team members have served:

Experience as Receiver

  • Receiver for a 78-unit very distressed property in a historically high crime area.
  • Receiver on an 80-unit scatter-site multi-family apartment community through foreclosure and subsequent lawsuits.
  • Receiver of office condominium building consisting of negotiating lease extension with tenants to position the property for a favorable sell.
  • Receiver on a mixed retail with rental housing upstairs that sustained a long list of code violations.
  • Receiver of vacant restaurant with history of vandalism. Secured premises and access to vandals.
  • Receiver on a 48-unit vacant building that was unsecured, doors missing and hanging open, home for drug trafficking and prostitution.
  • Receiver on a 40-unit deserted property in a high crime area with excessive dumping issues. Boarded up and secured property and installed surveillance cameras. Worked with the local law enforcement to resolve dumping issues.
  • Receiver on a 24-rental building in high crime area. Addressed resident screening policy which greatly improved delinquency issue. Worked with local law enforcement to stop vandalism.
  • Receiver on a boarded-up restaurant that had become a gang hideout. Brought in police protection, secured the asset and positioned the property for the sell and ultimate disposition.
  • Appointed receiver on a 72-unit apartment complex with a record for the highest incident of crime in Omaha, Nebraska. Quickly secured premises and sold property to a reputable buyer.
  • Receiver on a 17-unit property. Secured property and began providing higher level of resident services, therefore maintaining resident base. Life safety issues were addressed and resolved reducing property liability suit potential.
  • Receiver of old historic brownstones in the center of Baltimore with buildings under a failed renovation plan in various stages of completion. Worked with historical compliance and governmental regulation to reposition buildings for a favorable sell.
  • Appointed Receiver on an 84-unit townhome community spread-out over multiple city blocks with challenges in collections, securing tenant information and ultimately determining authorized tenants versus squatters.
  • Appointed Receiver of 58-unit building in Dundalk, MD occupied largely of tenants with a felony record including 5 registered sex offenders. The property was plagued with vagrants living in the basements and several environment issues. Received recognition from the city code enforcement for the impressive turn around.
  • Co-Receiver of 55-unit senior living apartment complex in Delaware with significant history of poor attention to resident needs. Most needs were insignificant in cost but grand in attention to detail and care. Added social programs to improve quality of life for senior and disabled tenants.
  • Receiver on a 177-unit garden community of which 78 of the units provided housing for very low-income tenants under government rent subsidy that was plagued with life safety concerns and extreme deferred maintenance. Our team turned this asset around from being on the city's condemnation list to a success story with the city and Congressman Ron Paul's office.
  • Receiver of a 252-unit apartment community failing due to a mine sitting 200 feet below the buildings was under a process of collapse. Hired structural and geotechnical engineers to drill into the mine, study the failure patterns and develop a structural stabilization plan to safely re-occupy the buildings under the oversight of the Illinois Department of Natural Resources using funds provided by the Illinois Mine Subsidence Fund. We spent approximately $2mil to re-occupy $4.5mil in building value and a plan to continue occupancy across the property with structural safety oversight generating approximately $10mil in total value
  • Receiver on a 149-unit, 11 story high rise building that was a government rent subsidized senior housing facility. Interacting with HUD, Fannie Mae, and all other government and regulatory agencies to ensure compliance; put in place social programs to assist residents with special needs while addressing life safety repairs with urgency. Installed new management, prepared and submitted all financial reporting to the court. Restored HUD’s REAC inspection score from a 34C to a 94.
  • And more....

Expert Witness

Has served as "Expert Witness" in litigation cases involving construction defects, contract defaults, and waste claims.

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