REO Real Estate Owned Bank Owned Properties
A Real Estate Firm Helping Buyers Purchase Real Estate Owned (REO)/Bank Owned Properties
REO/Bank owned properties are properties owned by a bank, typically through foreclosure. Foreclosed properties can present an excellent investment, however the process for buying a property from a bank or other lender differs markedly from that of buying from other parties.
The Purchase of Bank-Owned Property Is Different From Other Real Estate Purchases
Banks operate under different obligations than other individuals when selling their property; timelines and inspections differ, bank-drafted contracts can be very one-sided, traditional closing costs may be shifted to the buyer and delays are common. It’s important to have experienced legal counsel at each step in the REO purchase process.
The attorneys of Weeks & Irvine, LLC, have helped numerous clients complete the purchase of bank-owned property. We work with buyers from the initial loan qualification through the closing, helping clients avoid penalties and ensuring the transaction goes through.
For more information about REO transactions, please contact our firm.
For experienced legal help in the Charleston, South Carolina area, contact Weeks & Irvine, LLC. To contact us, call 800-553-7449. All materials have been prepared for general information purposes only to permit you to learn more about our firm, our services and the experience of our attorneys. Communication by or through this website does not create an attorney-client relationship. The information presented is not legal advice, is not to be acted on as such, may not be current and is subject to change without notice.