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5 Tips For Doing Real Estate Deals In Bankruptcy Court

Law360, New York (March 29, 2013, 6:37 PM EDT) -- Real estate investors and developers can find great value-add assets in bankruptcy sales, but experts warn that since most such sales come with no representations, warranties or indemnifications, attorneys representing buyers should make due diligence their No. 1 priority.

Section 363 of the U.S. Bankruptcy Code allows a company in Chapter 11 or Chapter 7 proceedings to dispose of real property in order to help pay off its debts through a highly structured process aimed at getting the most out of each asset while retaining the least liability.

"All of these bank deals in the end are 'as is, where is,'...

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