contracts: Agents: Watch your REO contracts’ fineprint
- 08/11/08 11:07 AM
Both Paul Harmon and Phil Levin, managers at PMZ Real Estate, have stressed to agents the need to be aware of any fine print pitfalls the banks (property holders/owners) have been including into the purchase contracts of bankowned properties. Please be sure to review your contracts and agreements that you have between your buyers and the banks. An overview of this information with responsible scrutiny will help protect your client’s and yourself from being taken advantage of by any seemingly deceptive changes to contracts by the banks. Consult with your brokers legal adviser if necessary. … (3 comments)
Both Paul Harmon and Phil Levin, managers at PMZ Real Estate, have stressed to agents the need to be aware of any fine print pitfalls the banks (property holders/owners) have been including into the purchase contracts of bankowned properties.
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