Top Ten Issues When Buying Distressed Commercial Real Estate
Tuesday, April 26, 2011
This presentation addresses the special issues to be considered when buying distressed property. Usually this is property owned by a person who lacks sufficient funds to pay the property's operating expenses and debt service. In many cases, the property is in foreclosure, or on the brink of it.
This webinar covers the following and a lot more:
- Client Expectations
- Recognizing Distressed Property
- Determining Status of Seller's Mortgage Loan
- Special Purchase Agreement Provisions When Purchasing from Owner (Not the Lender)
- Due Diligence
- Buying From Seller's Lender – Buying What?
- Negotiating With Lenders
- Title Insurance
- Fraudulent Transfers
- Seller's Bankruptcy
David W. Kelley, Attorney
Leonard, Street and Deinard, PA
150 South Fifth Street, Suite 2300
Minneapolis, MN 55402
Tel: (612) 335-1670
Fax: (612) 335-1657
Nothing contained in the Lecture Series is to be considered as the rendering of legal advice for specific cases, and viewers are responsible for obtaining such advice from their own legal counsel. The Lecture Series is intended for educational and informational purposes only. The views and opinions expressed in the Lecture Series are solely those of the producers, and do not necessarily reflect the views, opinions, or policies of First American Title Insurance Company and/or its affiliates.