Previous Hilco Global Spotlight
HRE ASAP Program
Hilco Real Estate is launching ASAP: Asset Sale Action Program, a proprietary program to accelerate the sale of OREO assets which are currently held within financial institutions. Asset Sale Action Plan is designed in part to provide Banks a systematic approach to strategically sell their OREO properties that are part of a Shared-Loss Agreement (SLA) for which the FDIC, as receiver and the bank share risk.
The concept behind HRE’s ASAP program is that properties will enter a structured sales program that results in the sale of assets over an accelerated time frame. The asset sale process, conducted by Hilco’s “best in class” professionals, is a tool to ensure banks minimize losses and maximize collections.
The goal of HRE’s new program is to sell the assets in a structured timeframe while documenting and maintaining the integrity of the sale process to meet the FDIC Guidelines. The Hilco ASAP process will efficiently demonstrate and document compliance for banks while maximizing value for the RE assets.
Read More >>