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Accounting for the Value of OREO Properties Held for Sale
Gary Deutsch

Guidance through the complicated area of properly accounting for the value of your OREO properties and making certain you meet regulatory and accounting expectations.

Price: $299.00
Accounting for Value of OREO

As real estate markets improve, sales prices are on the rise which can be very beneficial to your institution, but not properly accounting for OREO transactions can be a major concern. Institutions that don't follow the proper accounting rules may find they have misrepresented their current period gains and losses in their financial statements. This misrepresentation can potentially adversely impact the institution's capital for both accounting and regulatory purposes.

According to GAAP, institutions dealing with both residential and commercial real estate foreclosures must know how to:

  • Identify and record the initial fair value amount when writing off a loan account.
  • Record collateral values into Other Real Estate Owned (OREO) as an asset on the institution’s balance sheet.
  • Identify what real estate values to track while they are holding properties for sale.
  • Ensure that the disposal of OREO qualifies to be recognized as a sale.

Please join Please join Gary Deutsch as he guides you through the complicated area of properly accounting for the value of your OREO properties and making certain you meet regulatory and accounting expectations.

WHAT YOU’LL LEARN

Those involved with loan workouts and financial reporting of foreclosed loans will learn how to determine how to properly account for converting foreclosed properties to a real estate asset and to recognize a gain or loss on the sale of the asset. Our expert will discuss:

  • Determining if the initial foreclosure transaction complies with GAAP for long-lived assets held for sale
  • Recognizing OREO value changes during the asset holding period
  • Recording OREO gains
  • Recognizing a sale of OREO
  • Accounting for loans to facilitate a sale
  • Tracking continuing investment requirements for OREO buyers
  • Complying with sale accounting requirements in the deal closing process
Price: $299.00

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PRESENTER

Gary Deutsch

WHAT'S INCLUDED

  • Access your training anywhere, with a computer, tablet or smartphone.
  • Engaging and up-to-date training to support your career and your organization.
  • Handouts you can distribute to your board and staff.