Bank Owned Real Estate in Columbus

Columbus bank charters require a certain amount of solvency be maintained in an effort not to weight a Columbus banks liability too heavily in Columbus. The loss-mitigation division of a Columbus bank is motivated to move non-performing assets out of the Columbus bank. During foreclosure if there are no buyers of the Columbus real estate property the Columbus property reverts to the Columbus bank and is offered for sale through their REO division. Many Columbus banks will negotiate down the payoff (a short sale) in an effort to move the asset allowing profitability for the investor due to purchasing at a discount to market value. This process again allows for clean transfer with limited risk as inspection of the Columbus real estate property can be conducted prior to purchase.

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