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Article: Sharpening the real estate focus. (Comment) (column)
- Article from:
- American Banker
- Article date:
- September 25, 1991
- Author:
CopyrightCOPYRIGHT 1991 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sharpening the Real Estate Focus
Commercial banks' portfolios of troubled real estate loans have grown tremendously in the past few years.
With the market for new real estate lending at a standstill, many banks are experiencing internal havoc as they make the transition from creditors to owners and managers of real estate.
Many institutions have adjusted their operating structures to handle the massive amount of foreclosed property.
And many are doing it wrong. Former loan officers are now operating and managing foreclosed real estate.