November 10, 2020
By Andrew Khouri, Rachel Schnalzer
Newsletter: New law makes foreclosed homes easier to buy — if you’re not a landlord or flipper
“Are there other concerns?
Michael Flynn, a mortgage attorney with the law firm Buchalter, said that by requiring a 45-day window for competing offers, the new law could create additional costs for lenders that are foreclosing on properties, — costs they may pass along in the form of higher interest rates to the broader market.”
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