Negotiationg and Buying Real Estate Owned Property in 2010-2011


There are unique considerations to negotiating and purchasing real estate owned property. In this article we discuss the benefits of negotiating with institutional lenders who are now REO property owners, as well as the drawbacks; how to use it to your clients' advantage, as well as how to safeguard against the potential pitfalls for them. For those unfamiliar with how the process works, this is an introductory eye-opener, shared by an attorney with first-hand experience.

This article is the first in a planned series, so be on the alert for more to follow.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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