REO

Trinco has thorough knowledge and experience working with lenders and servicers on their Real Estate Owned (REO) multifamily properties. Trinco’s team members have worked with a variety of lenders from multiple local bank participants in loans to GSE’s to life companies. Trinco’s reporting systems, credentials, local expertise, and market knowledge make it a strong operational partner when assisting a financial institution with its owned multifamily properties and following through with necessary strategies, which often includes getting a property ready for disposition. Bank examiners and other regulatory bodies appreciate Trinco’s regular and thorough reporting updates as well as its quick and knowledgeable availability to answer questions regarding the property’s operations that are posed from those regulatory agencies. Additionally, Trinco can be prepared to act as a court-appointed receiver for the asset if necessary.