REO/Workout Services
Banks and financial institutions often need objective advice regarding troubled real estate loans and properties that have been foreclosed upon. The central question is how to recover the most value from these assets. Informed decisions require a thorough understanding of market and economic conditions. Haddow & Company assists clients with strategy formulation, as well as with the disposition of distressed assets.
REO/Workout Services Case Study
Client: Signature Bank
Location: Alpharetta, Georgia
Project: 321 Vaughan
Signature Bank of Georgia foreclosed upon a site in the City of Alpharetta that was originally earmarked for office condominiums. Given the turbulence in the real estate market and economy, alternative uses for the property needed to be explored. Our role was to examine the merits of various development scenarios and to recommend the optimal disposition strategy. The property was ultimately sold to a townhome developer.
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