Reverse exchange can secure bargain real estate

Keep deal alive when unexpected delays arise

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The duplex close to the university campus was too good for Harvey Blanks to pass up.

An acquaintance of mine for more two decades and a longtime real estate investor, Blanks had been in a holding pattern for the past 18 months, waiting for more positive signs in home sales. However, he signed an agreement on Jan. 4 to purchase the duplex, believing the deal was a huge bargain.