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How to Represent a
Buyer of a Bank Owned Property
Buyers
can find great deals buying REO properties but they are purchases that are full
of risks for the unaware. First, these purchases are "as-is" with respect to the condition of the property and title and these are properties
that have many more potential problems than the typical purchase. Second, the bank will generally not accept a standard
purchase agreement and instead will use their own agreement that is totally one-sided in favor of the bank even to the point
that the bank can get out of the deal at any time! Third, the buyer is often forced to use the banks title company who
quite often do not treat the buyer as a valued customer. Learn what the risk are in these types of transactions. Learn how
to best protect the buyer and yourself. Remember that if the deal goes bad, the buyer gave up their rights against the
bank which leaves you as a likely target..
Steve Nash and Bill Keyes are both experienced real estate attorneys with a great deal of speaking experienced. The
seminar will contain practical, up-to-date information and will be presented in an informal setting to allow you to ask the
questions that you need answered.
2 Real Estate Continuing Education Credits
Approved
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