A new management consulting firm, T. Hancock Consulting Group LLC, has been formed in Scottsdale, Ariz., to help financial institutions manage and dispose of their portfolios of real estate owned. "At most financial institutions, having experienced personnel to manage the cyclical management demands of their REO portfolios is not practical or economically feasible in today's environment," said Trevor Hancock, who heads the new company. "They need a partner with a comprehensive understanding of the residential building and development business."
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