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Industries / Solutions / Turnkey Programs for Banks & Commercial Lenders
Lender OREO Program
Turnkey Programs for Banks & Commercial Lenders
From foreclosure to closing, handled.
A purpose-built program for temporary OREO holds: one master agreement covers every property that lands on the balance sheet, with 72-hour onboarding, flat monthly preservation fees, and documentation formatted for the credit file.
What’s Included
What the program covers
One master agreement — every future property onboards without new paperwork
72-hour mobilization: securing, re-keying & initial inspection
Photo-documented condition reports formatted for the credit file
Flat monthly preservation fees, tiered by property type & size
Utilities, life-safety & inspection management during the hold
Make-ready support and automatic termination at closing
How It Works
From first call to steady state
STEP / 01
Notice
Your special-assets team sends the property details — that’s the whole intake.
STEP / 02
Mobilize
Within 72 hours: secured, re-keyed, inspected, and condition-documented.
STEP / 03
Preserve
Monthly inspections, utilities, and life-safety on a flat fee, reported monthly.
STEP / 04
Close
Make-ready support for disposition; the agreement ends automatically at closing.
Our Guarantee
Commitments we put in the contract
The same written service guarantee stands behind every Biltmark program, in every industry.
2 HR / 4 HR
On-site emergency response in Biltmark crew markets — 24/7/365, with rapid network response nationwide
1 BUS. HOUR
Every routine work order acknowledged within one business hour
≥ 85%
First-time-fix rate, measured and reported to you monthly
≤ 15%
Capped, transparent markup on subcontracted specialty work — sub invoice attached
MONTHLY
Owner-ready report — spend, work-order history, and preventive maintenance status delivered every month
PHOTO-VERIFIED
Every work order documented with photos and mapped to owner-ready reporting
// BILTMARK SERVICE GUARANTEE v1.0 — FULL TERMS PROVIDED WITH EVERY PROPOSAL
Good To Know
Frequently asked questions
Flat monthly preservation fees tiered by property type and size, published in the master agreement — so your team can estimate carry costs before the foreclosure is final.
Yes. Occupied and partially occupied assets are managed in coordination with your counsel and receiver, with access, notice, and documentation handled to their direction.
Put a facilities department behind your property
Schedule a free walkthrough and receive a documented, itemized proposal — no pressure, no obligation.
Rather just talk?
Call us anytime: (713) 555-0100
The outsourced facilities department for shopping centers, owner-operators, property managers, and lenders — serving the lower 48 states from our Houston headquarters. Insured & bonded.
How We Work
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