Congratulations!  You have OREO assets.  Now what?  As real estate owners, banks face tough asset management, risk and insurance issues.  We will offer best practices for completing and disposing of OREO assets, particularly residential and mixed use projects.

The seminar will provide a legal and practical roadmap for completing and disposing of OREO assets, including:

• How the bank’s due diligence influences the decision to complete the project.
• Strategic decision making, including whether the bank should complete the project.
• The bank’s legal liabilities as the party completing construction and tactics for managing those risks.
• Designing, structuring and implementing insurance solutions.
• Effective disposition strategies, including bulk sales and sales to consumers.
• Using a receiver to complete and dispose of the asset.

Presenters
George Dale is Executive Vice President of Aon Risk Insurance Services West, Inc.  He has extensive experience with real estate and construction insurance issues, including OREO assets.

Mike Hixson is Executive Vice President of CADO Real Estate Group, which specializes in sales and leasing of new residential projects, including marketing analysis for OREO assets.

Jeffrey D. Masters is a partner and co-chair of the Development Risk Management Practice Group at the law firm Cox Castle & Nicholson LLP.  Jeff provides counsel on legal liability issues confronting banks as OREO owners and on the implementation of risk management and insurance programs for OREO assets.

Don Neff is president of La Jolla Pacific, Ltd.  His firm provides property assessment, due diligence, project management and post-construction consulting services to banks and others dealing with distressed real estate assets. 
Michael Szot is Executive Vice President of Aon Risk Insurance Services West, Inc.  He has extensive experience with real estate and construction insurance issues, including OREO assets.

David Wald is president of Wald Realty Advisors, Inc. and serves as a receiver for a wide range of projects, including challenged OREO assets.  He has particular expertise in residential assets.