This Free Commercial REO Report is Updated Quarterly
BankProspector from distressedpro.com is online software that investors, brokers, and other service providers use to find banks and bank contacts with non performing loans and REO.
REO also known as OREO or ORE is real estate acquired by a bank through the foreclosure process. Banks are required to report their late and non performing commercial real estate loans as well as their the value of the commercial property they’ve acquired through the foreclosure process, with other details, to federal regulators.
Our system connects to the federal repository, where banks report these financial details, every night. It downloads all of the new reports and then parses the real estate and other distressed debt and REO related information to make it searchable including 30-89 day late loans, 90+ day late loans, and non accrual loans, also known as non-performing (NPN, NPL).
This report contains a list of the top 20 banks in the US with the largest volume of commercial REO (bank owned commercial property)
In this report you’ll find:
- Commercial REO Summary
- Bank Name
- Bank Headquarters City and State
- Total Volume of Commercial OREO by bank