Welcome

We here at OREO Consulting represent banks or institutions that have a minimum of 50 cases of other real estate owned (OREO’s) or real estate owned (REO’s) in their portfolio. Your bank may have many types of real estate in its inventory including single family homes, land, commercial properties and more. Our focus is not to manage your inventory, but to help you put together an exit strategy and to help with the workout process.

We are experts at putting together exit strategies for each of the cases that your bank has, or is going to have, in its inventory. No two cases are alike at all. One case might be 40 condo units in a 200 unit project, or an unfinished subdivision, or a dozen homes built on speculation, or any amount of random buildings, vacant land, or businesses. We are consultants and advisors that come along side of you and work your client for maximum loss recovery. Having negotiated over 5000 transactions in the last 24 years, we bring a unique level of knowledge to the table, unlike anyone else in this field.

Brian Iverson’s resume is attached so you can see firsthand who you will be working with and the type of knowledge that he brings to your side of the negotiating table. We are on your team. Our concerns are the same in that most of your clients did not plan to get to this juncture in life and have no idea how to get out of it. Your bank may not have all of skills needed to negotiate a successful workout of a client and his personal guarantee without taking him down. Sometimes it’s better to leave the client in place long enough to come up with an exit strategy or a forbearance agreement. Sometime it’s just better, because of situations that are going on, to force a client into bankruptcy and put the property into a receivership role.

Most of your clients are great people that you do not want to lose in the banking business and you want to make sure they stay afloat. We understand the personal effects that you are being forced to take on with each and every loan of a client or friend. And we understand all of the inner workings of a bank and the auditors and what they are looking for. The bottom line is this. We are prepared to come in, work with your existing system, and work an exit strategy with you on all of your cases. From the start of a forbearance agreement, to a foreclosure status, to putting the property into OREO, or REO, or bank owned status, to developing an exit strategy.

Call Brian Iverson at 612.290.6199 and chat with him for 15 minutes and let’s see if we can enhance your team. The sooner you can sell your inventory, the sooner you can get that money out doing what it was intended to do, make a profit.