Always Helps to Read the Fine Print - 03/04/12 10:35 AM
 
Always helps to read the fine print. This is especially true with government documents.  For example, on a HUD-1, we typically read the second page first!! LOL  I wanted to point something out that is frequently overlooked in HAFA (Home Affordable Foreclosure Alternative) programs. 
The fine print in a HAFA transaction typically reads that if the lender rejects the HAFA short sale offer, the transaction AUTOMATICALLY converts to a Deed in Lieu (DIL)!  For this reason, I have sellers execute a HAFA opt out form that is dated at the time of the purchase contract but not tendered unless … (6 comments)

Time for a Review of Lisitng Agreements - 03/01/12 12:47 PM
 
Time for a review of listing agreements.  It seems that no one every talks about them and that they are largely taken for granted. However, some recent developments have placed emphasis on them and we should discuss the issues that relate to them.
Listing agreements form the basis of a relationship between the home owner and a real estate agent. For years, they have contained substantially the same information.  However, I have noticed a marked increase in the variance of the terms of such agreements as well as a tendency to forget certain aspects of them.
Recently, I have encountered … (2 comments)

 
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Paddy Deighan, J.D. Ph.D

Paddy Deighan J.D. Ph.D 1-949-701-2192

Encino, CA

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Address: 216 W Euclid Ave, Haddonfield, NJ, 08033

Office Phone: (877) 557-9669

Cell Phone: (949) 701-2192

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Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with home owners on all of their distressed property needs tags ---->


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