ITKOWITZ PLLC STORIES

Philadelphia Skyline

Distressed Commercial Building on Verge of Tax Auction


October 2004

We represented the purchaser of a distressed commercial building in Brooklyn, and its subsequent flip, re-sale, for $1,050,000.00. This property was on the eve of auction for tax liens, and the title was otherwise very cloudy. Since the highest bidder would only purchase the property with clear title, a lot of leg work and creativity were required to complete the transaction.

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