What is a seller-financed OREO sale?

The bank sells its foreclosed property and lends part of the purchase price to the buyer, so the bank holds a loan instead of real estate.

Does a seller-financed sale count as a sale for accounting?

It can, if the transaction meets the criteria in ASC 610-20, including that collection of the price is probable. A meaningful down payment and recourse help support that. Your own accountants and regulators make the final call.

How much down payment do you offer?

Typically about 20–25% of the purchase price, with recourse.

Can you also buy for cash?

Yes. We can buy for cash with no financing contingency, or propose both options so the bank can compare.

Will this be reviewed by our regulators?

Every structure is subject to the bank's own accounting and regulatory review. We provide clear written terms to support that review.

For bank special assets and CFOs

Buy your OREO with your financing.

A seller-financed OREO sale lets a bank replace a non-earning foreclosed property with an earning loan. Belcz Group structures these offers with a meaningful down payment, typically about 20–25%, and recourse, so the transaction can be recognized as a sale under ASC 610-20.

Why a bank may prefer to finance the sale

The property stops costing money in taxes, insurance and upkeep.
A non-earning asset becomes an interest-earning loan.
The price can reflect the value of the financing, which may reduce the loss on sale.
The buyer is putting real cash in, so the bank is not simply taking the property back later.

How we structure the offer

We offer a meaningful down payment, typically about 20–25% of the price, and personal or corporate recourse. Rate, amortization and term are proposed in writing so your credit and accounting teams can review them.

Every structure is subject to the bank's own accounting and regulatory review.

How it works

Send the information

Share the address or loan description and whatever documents you have. Partial files are fine.

Receive a written offer

We review it directly and send written terms within 2 business days of receiving the information.

Close as-is

Thirty days is typical, faster when title allows, or on your timeline. No financing contingency.

Frequently asked questions

What is a seller-financed OREO sale?: The bank sells its foreclosed property and lends part of the purchase price to the buyer, so the bank holds a loan instead of real estate.
Does a seller-financed sale count as a sale for accounting?: It can, if the transaction meets the criteria in ASC 610-20, including that collection of the price is probable. A meaningful down payment and recourse help support that. Your own accountants and regulators make the final call.
How much down payment do you offer?: Typically about 20–25% of the purchase price, with recourse.
Can you also buy for cash?: Yes. We can buy for cash with no financing contingency, or propose both options so the bank can compare.
Will this be reviewed by our regulators?: Every structure is subject to the bank's own accounting and regulatory review. We provide clear written terms to support that review.