I Am Interested In Purchasing A Bank Owned Property Do I Need An Attorney

It’s a good idea, always, to have an attorney represent your interests, when you purchase real property, especially in a situation where you’re buying a REO, or real estate owned property from a bank. The reason is, most banks typically have an addendum that overrides the terms of the contract, that are, of course, heavily slanted in your favor. It’s good to have an attorney be able to explain this document to you, and know what your rights are, because it’s not typical contract that we use in Florida.