Local Real Estate Networking
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
1031 Exchanges
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply
What type of legal representation do I need...
My company is purchasing Notes and REO directly from banks. Since these are financial instruments and not real estate, would it be best to work with a business lawyer or a real estate lawyer? Your feedback is appreciated.
Most Popular Reply
![Maria Riegger's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1410267/1621512024-avatar-mariar104.jpg?twic=v1/output=image/cover=128x128&v=2)
Hi John. Yes, work with a banking attorney who is familiar with bank regulations. I'm a bank regulatory attorney (I work for a bank regulator, not private practice). If the bank is in troubled condition, there are additional restrictions and the bank may need approval from the regulator, which may create delays, so make sure the attorney checks all that out.