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Miami Beach Real Estate Attorney Announces Specialized Legal and Realty Services for Clients Buying Bank-Owned Luxury Miami Beach Condos

Date:1/10/2009

tc.com/foreclosure-attorney-miami-florida.html/" onclick="linkClick( this.href );" target="_blank" title="Foreclosure Attorney Miami Florida">foreclosure filings, reserve accounts and open legal issues of Miami Beach real estate, and particular South Beach condos.

REO, meaning real estate owned, refers to properties the real estate lenders have taken into their inventory through the foreclosure process. "REO properties are the best deals out there today" notes Folland, pointing out that many such properties being sold are in new buildings only a few years old, some units never occupied and still in new condition. "Lenders are not in the business of owning Miami Beach condos or any Miami Beach or South Beach real estate," points out Folland, stating that "Lenders are eager to sell their Miami Beach real estate at a reasonable price as soon as possible."

Short sales, transactions in which the lenders accept less than a full payoff of the mortgage debt, are also common in the Miami Beach real estate marketplace and are an area focused on by Folland's office. "Cash buyers always have the advantage when negotiating with the banks" states Folland, noting that both short sales and REO sales can be great deals, but the important difference is that REO properties can be closed almost immediately, as compared to a short sale which can take months to approve and often just end up in foreclosure.

Christian N. Folland, Esq., provides confidential specialized legal, realty, closing and escrow services for high profile clients buying Miami Beach condos and other Miami Beach real estate. Folland, a Board Certified Real Estate Attorney, practices law with Folland & Associates, LC in Miami Beach, Florida and operates

Source: PRWeb
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Miami Beach Real Estate Attorney Announces Specialized Legal and Realty Services for Clients Buying Bank-Owned Luxury Miami Beach Condos

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