Real estate blog entries tagged with consumer protection by Marsha Cleaveland, GRI, AHWD, CNE (No longer in the sales business)

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Home : Blogs : Marsha Cleaveland, GRI, AHWD, CNE : Real Estate in Phoenix, Arizona : Tag "consumer protection"

consumer protection: Consumer Protections Lost when Banks become Sellers - 06/13/08 10:22 AM

Banks now own more than 45% of the homes on the market in many areas of the nation through Foreclosure and Short Sale status. This has affected the buyer's ordinary rights in purchasing a home, and will have significant long-term effects. Important consumer protection rights which are being eroded or lost in a market situation controlled by Banks through REOs and Short Sales include:
1. Buyer loses the ability to set a firm closing date.
2. Buyer cannot choose the escrow company.
3. Buyer cannot state a time frame to receive an answer from the bank (ordinarily 1-4 days for seller … (3 comments)

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Marsha Cleaveland, GRI, AHWD, CNE

Glendale, AZ

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No longer in the sales business

Address: Glendale, AZ, 85308

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Homes in Glendale, Peoria and Phoenix. Specializing in homes equipped for home office or home business. Professionals, teachers, independent contractors recieve skilled attention when buying a home. Marsha Cleaveland of Keller Williams Realty Professional Partners will help you find a great location in Maricopa County, Arizona.

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