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Feb 18, 2015 12:10:00 PM

Two Ways Banks Can Have a Successful OREO Party

Ask any banker to name the thorns in their side, and chances are they’ll come up with a few usual suspects, like regulatory compliance and its increasing costs. Since the Great Recession, Other Real Estate Owned (OREO) has earned a spot among those familiar thorns.

OREO refers to real property acquired when a bank takes physical possession or legal title ownership in a loan foreclosure. 

 

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Topics: Fraud & Compliance