Foreclosures
If you are purchasing a bank-owned or REO property, i.e., property owned by a lending institution/bank as a result of a foreclosure, the bank will typically ask you to sign a form contract of sale with lengthy, complex and confusing contract addendum or riders.
These foreclosure contract riders almost always contain unfair and onerous clauses which buyers are told cannot be modified. For example, most foreclosure contract riders contain unrealistic mortgage contingency dates and closing dates with per diem penalties for not closing on time.
Ms. Navarro has successfully modified these contract riders to make them more reasonable to the buyers, eliminated unconscionable clauses such as $100 per day per diem penalties, eliminated "time of the essence" clauses and even obtained credit for repairs on behalf of buyers.
For more information or to arrange your initial consultation please call
973-784-4298 now or contact us here.
