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levin
08-10-2009, 08:16 PM
I am a real estate broker in Chicago, IL. Can anyone provide any sound advice on successfully negotiating a short sale on a commercial property. What types of challanges should I be ready for that do not occur in residential short sales? Is an attorney required? What types of discounts are banks usually willing to give on such a transaction? What type of time frame should myself and the client be prepared for? Any advice is greatly appreciated!