Tag Archives: bank-owned properties

Steven L. Daniels quoted in Palm Beach Post article on MLS listings

Arnstein & Lehr Attorney Steven L. Daniels

Steven L. Daniels

Arnstein & Lehr West Palm Beach Partner Steven L. Daniels was quoted in a March 4 article in the Palm Beach Post. The article titled “Agents advised to keep ‘bank-owned’ quiet” discusses how agents are being told by many banks not to disclose the fact that the property is owned by a bank, even though the Multiple Listing Service (MLS), which is used by real estate agents to list properties, includes a category for bank-owned property. Mr. Daniels comments that a major reason for this is money: the bank wants as much money as it can get, but if a buyer knows a property is owned by the bank, they will discount the price in their head.

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