PROTECTING YOUR CLIENT IN A REO PURCHASE TRANSACTION

In almost every REO deal the bank will counter offer with their own addendum which will contain significant changes to your offer. Some of the terms you will see in the counter-offer will include such items as: In the event of a conflict the bank's terms will prevail. What does that mean, well it means that the original contract is basically uselss and the seller's addendum will represent the entire agreement between the parties The bank will deliver a "Special Warranty Deed. Meaning, the bank… More information...

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