mars rule: FTC Will not enforce provisions of MARS Rule against Real Estate Professionals
- 10/14/11 06:06 PM
The FTC Will Not Enforce Provisions of MARS Rule Against Real Estate Professionals Helping Consumers Obtain Short Sales The Federal Trade Commission announced last week that it will no longer enforce most provisions of its Mortgage Assistance Relief Services (MARS) Rule against real estate brokers and their agents who assist financially distressed consumers in obtaining short sales from their lenders or servicers. The MARS disclosures have been found to be confusing and misleading to distressed homeowners working on short sales. It seems the rule may have inadvertently discouraged real estate professionals from helping consumers with short sales. Short sales are complicated (3 comments)