Publications

August 30, 2010

Author: John Alan Lewis

Like it or not, more Arkansas bankers find themselves in the real estate business.  This is something lenders never fully contemplated in happier times.  But through foreclosure or perhaps deeds in lieu of foreclosure, banks must manage and care for real estate with an eye towards selling it.  This is a short discussion of some of the things the new owner (former lender) should address in putting together a realistic plan for marketing the newly acquired property, maximizing its value, and protecting itself from additional headaches.  A simple checklist is attached to aid in a review of the subject but is no substitute for the lender and his or her counsel conducting a comprehensive analysis of the situation.

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Source:  The Arkansas Banker, August 2010 issue. Arkansas Bankers Association

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