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#405 Other Real Estate Owned (OREO)
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• Creditors Often Have Some OREO on their Books, Real Estate Owned That Is 'Other' Than the Real Estate the Creditor Uses For Its Current Premises, for Its Own Operations
• Most Often, OREO is Acquired Real Estate Through the Real Property Collateral Foreclosure Process for Such Secured Loans
• The Acquisition, Holding, and Disposition of OREO
• IMPORTANCE TO YOU - Disposal of OREO. Do You Have a 'zombie' or evergreen loan that will never be repaid?
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