Negotiation Nightmares on Lender Owned Properties

Here's a good article, written for Realtors, but that the whole real estate world should find interesting. It's regarding the never-ending fun that is negotiating a deal on an REO (or lender owned) property.

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It covers subjects such as why they take so long to respond, and reminds us that it's not a deal until we have the contract signed by them in hand, among other things. These negotiations can sometimes be frustrating, but they can often mean getting a nice deal on a piece of property.