Real estate blog entries tagged with oregon agents be careful with short sale 3rd party negotiators by Mark Aalto MLO #116708 (Pacific Residential Mortgage)

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Home : Blogs : Mark Aalto MLO #116708 : Mark Aalto MLO #116708's Blog : Tag "oregon agents be careful with short sale 3rd party negotiators"

oregon agents be careful with short sale 3rd party negotiators: Short Sales in Oregon - New Law to Pay Attention to - 06/18/10 12:24 AM

Everyone seems to know what a short sale is these days, but few know about some important changes in Oregon law with respect to Short Sale Negotiation. Oregon's House Bill 2191, which became law in 2010, says the following:
Residential Short Sale Negotiation is a regulated Debt Management Service (OAR Chapter 411, Division 900, 0000-0200)
Under the new law, licensed Real Estate Agents may perform Short Sale Negotiation as a part of their service to their clients as long as nothing more than a customary real estate commission is earned (meaning the Short Sale Negotiation is done for free)
A fee can … (7 comments)

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Mark Aalto MLO #116708

Portland, OR

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