Post-Recession Economy Breeding Speedy RE Closings

Law360, New York (October 8, 2013, 6:54 PM EDT) -- A quick closing has become increasingly important in real estate deals in the post-recession economy, as the scarcity of properties allows sellers to set tight timelines and has buyers rushing to outrun rising interest rates, experts say, but sometimes that need for speed leads to sacrificing key steps like due diligence.

In key markets like New York City, San Francisco, Houston and Washington, D.C., there have been more potential buyers chasing fewer deals in the last couple of years, as the availability of financing finally catches...
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