Overview Module 2

REO (Bank Owned Property) challenges and opportunities

· Distressed Assets

· Hidden issues

· New listings

· Incentives

Reports (CMA, Asset Memorandum, BOV, BPO)

· BOV

· BPO

· Asset Memorandum

· Asset Matrix of offers

· Remarketing

Due Diligence (Financials, Property Issues, Tenants, Options)

· Financials ( Investment Analysis, Leases, Lender)

· Property Issues (Environmental, Survey, Deferred Maintenance)

· Tenants (Strength of leases, expiration, renewals)

· Options ( Seller, Buyer, Conversions, Systems)

Useful Commercial Websites

· MLS

· Loopnet

· COSTAR

· Corporate

· Globe Street

· others