How it works
From appointment to discharge, in eight steps
One neutral decision-maker handles the sale inside the limits of the order. Both counsel get the same weekly update until closing.
Appointment
Counsel asks the Court to appoint Kasey Jorgenson as receiver. The order includes our required provisions, sets the bond, orders a cost deposit, and names the designated payee for fees.
We clear a conflict check first and provide a signed Receiver's Affidavit of Qualifications to file with the proposed order.
Oath and bond
Once the order is signed, we take the oath and post the bond it sets (Tex. Civ. Prac. & Rem. Code §§64.022–64.023). The bond premium is a cost of the receivership. We then send both counsel a written notice that we have qualified.
Intake
We collect mortgage and lien information, HOA details, the insurance policy, any existing listing agreements, offers, or inspections, known defects, and any tenant or lease. Every substantive message goes to both counsel together, in writing.
Secure the property
Our duties begin when the property is vacated, as the order defines it. We take possession, change the locks, and document the condition.
Personal property left after the deadline is photographed and inventoried for both counsel before anything is removed. We do not remove occupants or enforce the vacate date.
Price and list
We engage the listing agent at the commission the order allows. The listing agent is a licensed Texas agent who knows the property's market. We prefer CDRE-designated agents when one is available. The order names the listing broker and discloses any affiliation with the receiver, and the commission, before the Court signs it. Vendors and repairs stay within the order's cap.
Contract
We review offers and send both counsel a summary. We accept offers within the price authority the order gives us. Anything below it needs the written agreement of both counsel or an order. We sign as seller, so neither party has to.
Close
At closing, the title company pays liens, closing costs, commissions, and approved fees from the proceeds, then disburses the net proceeds as the order directs: into the registry, to counsel's trust accounts, or per the decree.
Final report and discharge
Within the time the order sets, usually 30 days after closing, we file a final report and accounting with receipts and ask the Court to approve it. On approval we are discharged and the bond is released.
Ready to put the house in neutral hands?
Send the case details and a draft order. We respond within one business day.