A lender’s balance sheet can benefit from a quick resolution to a troubled asset. Once a loan becomes a scheduled item, disclosure, accounting and asset reserves all convert to weight upon the balance sheet. Restructuring troubled loans before they become delinquent can save reporting, time and money.
Handling REO (Real Estate Owned) requires a slightly different skillset. Institutional assets need supervision and prospective buyers often need mentoring. The seller has never used the property and cannot disclose its deficiencies. The property is sold in its as-is, where-is condition without warranty either expressed or implied, including the roof, the foundation, the structure, its utility systems or other components of the property. The owner is often distant and relies on its agent to minimize shelf life by selling the asset quickly and quietly.
Auburn has extensive experience in helping both lenders resolve troubled assets and buyers acquire institutional assets. Our NNN run-rate is 101%. We have the expertise to help:
Our institutional services include REO services, portfolio management, and real property and troubled asset disposition.
Let us help you understand the market, negotiate your agreements, manage your assets, close your escrows and more.