Your Partner In Real Estate Lending And REO Transactions
At Weaver Mancuso Brightman PLLC, we represent local and national banks, credit unions and mortgage brokerages in commercial and residential real estate loan closings. Our staff is experienced in all facets of loan closings. Our experience includes the sale and purchase of REO properties. We aim to serve as a seamless extension of your lending team and to provide a positive closing experience for your borrowers in a comfortable atmosphere.
From reviewing titles to preparing Closing Disclosures and representing you at the closing, you can trust our team’s experience and positive approach to each loan. With offices in Baldwinsville and Rochester, we are proud to serve lenders and borrowers in the greater Syracuse and Rochester markets.
What Is An REO?
A Real Estate Owned refers to a bank-owned residential or commercial property acquired by the bank in foreclosure. Most often, the bank or lender looks to sell the property by listing it on the real estate market.
However, the sale of an REO differs from other real estate properties. Properties are often sold AS-IS, under a strict closing timeline. Moreover, title and closing costs traditionally paid by seller can be allocated to buyer instead.
Whether you are a lender looking to sell an REO or a buyer interested in an REO property, our experienced real estate attorneys can help you navigate the process to ensure the transaction succeeds. We understand how valuable it is to both sides of the transaction to close on the property promptly and work to ensure your REO transaction stays on track for a timely closing.
Making The Process Easier
Real estate lending and REO transactions can be complicated and can become frustrating. Our experienced lending and real estate attorneys at Weaver Mancuso Brightman PLLC can help make the process easier to ensure everyone gets to closing. Contact us by calling our Baldwinsville office at 315-303-3408 or our Rochester office at 585-301-4777 to schedule a consultation. You can also reach us by completing our online contact form.