Ar_home_b_search
 



short sale negotiators: Short Sales and Loan Modification -FTC says no advanced fees - 01/25/11 06:28 PM
Three take aways
1.  Unless you are an attorney, no advance fees for upside down home owners
2. Watch out before you tell someone not to speak with the bank
3. Be very careful about claim you will be able to stop a foreclosure.

Short Sale Attorney
" From the FTC website
 
The FTC is issuing the Mortgage Assistance Relief Services (MARS) Rule to protect distressed homeowners from mortgage relief scams that have sprung up during the mortgage crisis. Bogus operations falsely claim that, for a fee, they will negotiate with the consumer’s mortgage lender or servicer to … (3 comments)

short sale negotiators: Who Should Negotiate a Short Sale... a Realtor and your Broker's attorney - 08/01/10 05:36 PM
One of the highlighted threads on Active Rain discusses the issues related to third party negotiators. 
On that thread attorney Richard Zaretsky from Florida made and short but powerful post.  (he has made a lot of good posts on his Active Rain blog as well.)....
 "Title companies do short sales to retain business (the closing). They are not negotiators and their vested interest is to get it closed - period.
Sellers need advice on what they got themselves into.  Few banks give clear cut short sale approval letters, and if you have a 2nd lender involved or mortage insurance, the transaction … (1 comments)

short sale negotiators: Cal Assoc of Realtors - warn short sale fraud - 03/25/10 03:02 PM
 
They make a few big points.
1. You must have a real estate license or law license to negotiate with the lenders
2. Criminal Penalties for those who participate short sales or negotiations and are unlicensed
3. They come down very heavily on flippers and straw buyers.  They warn of breaches of fiduciary duty.
4. The also warn there could be fraud if payments are made to the second off the HUD.
I have copied and excerpt of the PDF below.
 
My take....
4.  I am not sure how this is fraud considering I have negotiated over a dozens … (0 comments)

 
Rainmaker_large

San Diego Short Sales, Orange County Short Sales

San Diego, CA

More about me…

McConnin & Company Realty, short sale Attorney - Broker

Address: San Diego Short Sale, Carsbad Realtor, Carlsbad, CA, 92009

Office Phone: (760) 896-4663

Email Me

Short sales in San Diego and Orange County from a Carlsbad California Real Estate Attorney and Broker.


Listings

Links

Archives

RSS 2.0 Feed for this blog