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Updated almost 4 years ago,
conflict of interest question
Hey Real Estate Rock Stars!
The person I’m negotiating with on the property I want to buy is not the owner but is power of attorney for the estate of his family member who passed away.
He is also VP of commercial lending for a small local bank.
My real estate books say to reach out to this kind of bank as they often have more flexibility.
Would that create a conflict of interest or ethical issue?
I would be in touch with the residential lending side not the commercial side where he works.
thanks!