Every non-traditional lender, in addition to obvious need to remain profitable enough
to stay in business, is concerned with two major elements of property assessment: 
first, making sure the collateral, or security, accepted for a loan is adequate; and
second, handling properties foreclosed upon default of the loan.  This article points
out the areas to scrutinize when reviewing property, and the highlights of elements
that are critical to effectively handling Real Estate Owned.