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Course Details

Current Issues and Complexities With Real Estate Owned (REO) Assets

Webinar: ID# 1011763
Recorded CD
Qty:
About This Course:
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.

Agenda

    Overview of Note and REO Sales

    • What Is Being Sold, and By Whom?
    Due Diligence Issues in REO Sales vs. Note Sales

    • Due Diligence Challenges
    • Bankruptcy Risks
    • Third-Party Liabilities
    Practical Obstacles to Note and/or REO Sales

      Opportunities to Obtain Hidden Value

      • 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?
      Alternative Transaction Options

      • Alternatives to Foreclosure
      • Consensual Foreclosure
      • Consensual Bankruptcy
      Common REO Issues - Regulatory Considerations for Banks

      • Holding Period
      • Appraisals
      • Property Inspection
      • Environmental Audit
      • Use, Repair and Maintenance Issues
      Survey and Title Considerations J

        Creditor's Rights Issues

          Broken Priority

            Land Use Considerations

              Successor Liability

                Project Development Challenges

                  Receiver Sales

                    Faculty

                    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.

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                    Current Issues and Complexities With Real Estate Owned (REO) Assets
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