Current Issues and Complexities With Real Estate Owned (REO) Assets
|Date / Time:
|| Audio Conference|
With the increasing number of distressed assets being acquired or held by lenders for disposition to investors, the distinctions between purchasing distressed debt and REO properties in order to acquire title to real estate assets raise significant due diligence and ownership risks that need to be identified, addressed and mitigated in order to make investments that have a reasonable probability of yielding a healthy return on investment. This live audio conference will identify the obvious problems, and expose the more nuanced dangers, that investors face in acquiring distressed assets and will provide both legal and practical solutions to eliminate, where possible, and mitigate, in all other instances, the various risks that are posed in this marketplace. This program is essential for any real estate investor who desires to pursue the acquisition of troubled real estate assets in a market where the sellers predominantly dictate the sale terms and the timing for such transactions.
AgendaOverview of Note and REO Sales
Due Diligence Issues in REO Sales vs. Note Sales
- What Is Being Sold, and By Whom?
Practical Obstacles to Note and/or REO SalesOpportunities to Obtain Hidden Value
- Due Diligence Challenges
- Bankruptcy Risks
- Third-Party Liabilities
Alternative Transaction Options
- Guaranties, Letters of Credit or Other Credit Enhancements?
- CFD Reimbursement Claims, Tax Refunds or a Tax Increment Financing Scheme?
- Claims for Fraudulent Distributions to a Creditworthy Borrower Affiliate?
- Reserve Accounts?
Common REO Issues - Regulatory Considerations for Banks
- Alternatives to Foreclosure
- Consensual Foreclosure
- Consensual Bankruptcy
Survey and Title Considerations JCreditor's Rights IssuesBroken PriorityLand Use ConsiderationsSuccessor LiabilityProject Development ChallengesReceiver SalesFaculty
- Holding Period
- Property Inspection
- Environmental Audit
- Use, Repair and Maintenance Issues
Ren R. Hayhurst
- Partner/Asia offices coordinator in the office of Bryan Cave LLP, Irvine, California
- Practice emphasizes all aspects of lender representation, including real estate and commercial loan documentation, real estate loan workouts and foreclosure, receivership and loan/guaranty enforcement litigation
- Conducts regular seminars and workshops on a wide variety of real estate topics, both for real estate attorneys and for nonlegal professionals in California
- Member: California, 1989, Arizona, 1987, United States Court of Appeals for the Ninth Circuit and United States District Courts for the District of Arizona and Central, Eastern, Northern and Southern Districts of California
- J.D. degree, Order of the Coif, University of Utah; B.S. degree, magna cum laude, University of Utah
- bio info
Who Should Attend
This teleconference is designed for attorneys, presidents, vice presidents, branch managers, loan department personnel, credit and collection managers, controllers, directors, accountants and real estate professionals.
Cannot Attend The Live Presentation?
This presentation is also available in a recorded format, in CD version, as shown in the pricing options below.
|About Webcasts / Audio Conferences / Podcasts:|
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|About The Provider:
||Lorman Education Services has provided educational seminars and online training for professionals since 1987.
Since then, we've kept thousands of professionals in the United States and internationally current on the most pressing topics in a rapidly changing marketplace of ideas. Like you, we understand the need for concise, accurate information.
That understanding underlies each Lorman course, presenting the latest information on the laws and regulations critical to your organization's successful daily operations.
Moreover, each course receives our painstaking attention to be certain both the faculty and participants receive the individual attention necessary to achieve maximum benefit from the materials.
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