Financial institutions across the country are still reeling from the effects of the recent recession. Institutions have had significantly more foreclosures and, consequently, have had to deal with other real estate questions much more frequently. Although the accounting for other real estate has not changed in recent years, because of the frequency and unusual nature of some of these transactions, we have received several questions on accounting for other real estate. This article addresses some of the more common questions we have been asked recently.
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Length: 2 pages (PDF 83 kB)