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Blanco National Bank Foreclosed Properties

Please select from the menu above the type of real estate in which you have an interest.

Overview - OREO Assets

In the normal course of business a bank will make loans with real estate as the collateral for the loan. While most loans are repaid in full and on time, some loans are not. In these cases the real estate collateral for these loans is taken back by the bank and offered for sale. These assets are called OREO,Other Real Estate Owned. The "Other" is to distinguish these real estate assets from the buildings and branch offices owned by the bank in the normal course of its primary business, banking.

NOTE: The bank owning these assets has a strong motivation to quickly sell these assets and get them off their books.

Bank regulators monitor the number and dollar amount of these assets and encourage banks to resolve these assets as quickly as possible at a fair price. Owning real estate is not the primary business of a bank.