The Most Common OREO Mistake Banks Should Avoid

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2026-06-17 08:07:12 -

When a bank ends up owning real estate through foreclosure, deed in lieu, or another recovery process, the asset becomes OREO, meaning other real estate owned. These properties can be challenging because they are no longer performing loans, yet they still require active oversight. The bank may need to pay taxes, insurance, utilities, security, repairs, legal fees, and broker commissions...

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