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Best Practices: Real Estate Asset Valuation -- Acquiring a Fractured Condominium Project by:
Jay A. Steinman
Carlton Fields, P.A. - Miami Office
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June 5, 2009
Previously published by LexisNexis® Martindale-Hubbell® Counsel to Counsel Magazine on March 2009
Situation: A bank is foreclosing or has already foreclosed a mortgage loan encumbering a fractured condominium project—where some units were sold to third-party purchasers, but most remain unsold. Your company is evaluating whether to purchase the loan documents or acquire title from the bank of this REO (real estate owned) property.
Click here to read the full article in Counsel to Counsel e-magazine.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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