Other Real Estate Owned definition

Other Real Estate Owned and “OREO” mean real estate or loans secured by real estate that are classified or would be classified, under bank regulatory accounting principles, as: “loans to facilitate”; “other real estate owned”; “in-substance foreclosure”; “in-substance repossession”; foreclosed real estate; and real estate acquired for debts previously contracted.
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Other Real Estate Owned means any real estate acquired through foreclosure or by a deed in lieu of foreclosure, or any real estate classified as Other Real Estate Owned or Real Estate Owned.
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Other Real Estate Owned means the sum of (a) real estate acquired in satisfaction of debts previously contracted and (b) other real estate owned, as set forth on Schedule HC-M of Borrower’s FR Report Y-9C.
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Examples of Other Real Estate Owned in a sentence

  • Premises, Other Real Estate Owned, and Goodwill should be excluded from claims for the purposes of this report.

  • Name of Stock, Money Market Account, Government Bond, Or OtherApproximate Value List Other Real Estate Owned or Co-Owned:Rent received is counted as household income.Check here if no other real estate.

  • The Other Real Estate Owned included in any non-performing assets of Parent or any of its subsidiaries is carried net of reserves at the lower of cost or market value based on current independent appraisals.

  • The Other Real Estate Owned included in any non-performing assets of the Company or any of its subsidiaries is carried net of reserves at the lower of cost or market value based on current independent appraisals.

  • Other Real Estate Owned Other real estate owned is comprised of properties acquired through foreclosure proceedings, acceptance of a deed in lieu of foreclosure or when the Bank is in possession of the collateral.


More Definitions of Other Real Estate Owned

Other Real Estate Owned means the sum of real estate acquired in satisfaction of debts through foreclosure (as determined by reference to the line item “foreclosed assets” under “Selected Financial Data” (Non-performing assets) in the Borrower’s most recent Form 10-Q or 10-K, as applicable).
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Other Real Estate Owned means any real property owned or acquired by foreclosure or otherwise, in the ordinary course of collecting a debt previously contracted for in good faith.
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Other Real Estate Owned. (OREO) means real estate acquired by a credit union in whole or partial satisfaction of a debt owed to a credit union, by means of:
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Other Real Estate Owned means the sum, without duplication, of: (a) real estate acquired in satisfaction of debts through foreclosure (as determined by reference to the line item “foreclosed assets” under “Selected Financial Data” (Non-performing assets) in the Borrower’s most recent Form 10-Q or 10-K, as applicable) and (b) other real estate owned, as set forth on Schedule HC-M of Borrower’s FR Y-9C Report.
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Other Real Estate Owned of a Person means "other real estate owned" as shown in the financial statements of such Person prepared in accordance with GAAP.
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Other Real Estate Owned. As defined in accordance with the then-current regulations of the Applicable Bank Regulatory Authority. Payment Date: The first day of each and every calendar month during the term of the Note or the next succeeding Business Day if the first day of any such calendar month is a day other than a Business Day.
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Other Real Estate Owned. As defined in accordance with the then-current regulations of the Applicable Bank Regulatory Authority.
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