legal: 3 Ways to Avoid Legal Trouble With REOs
- 01/07/11 01:10 PM
Hello Everyone, Just thought I would pass on this article. The moral of the story is that we need to watch our backsides when it comes to this market. Now is more important than ever to team up with your LO and swap notes when it comes to all of these legal issues. Daily Real Estate News | January 7, 2011 | Share 3 Ways to Avoid Legal Trouble With REOs REO and short-sale transactions are expected to continue to make up a big part of the real estate landscape in 2011. Real estate coach and trainer Bernice Ross offers some of the following tips … (4 comments)
legal: Are we doing the best thing for our clients???
- 12/29/10 05:30 PM
PHOENIX - Some former homeowners in Arizona are finding they are still in debt to mortgage lenders even after completing a short sale, according to a newspaper report. Short sales allow people to sell their homes for less then they owe on their mortgage to avoid foreclosure. But unlike foreclosures, short sales are not typically covered by Arizona's anti-deficiency law, which protects most distressed homeowners if lenders foreclose. The law also bars lenders from seeking payment from the borrower if the foreclosed home doesn't sell for as much as the amount owed on the mortgage. Some lenders apply the same protection to borrowers who … (5 comments)
Hello Everyone, Just thought I would pass on this article. The moral of the story is that we need to watch our backsides when it comes to this market. Now is more important than ever to team up with your LO and swap notes when it comes to all of these legal issues. Daily Real Estate News | January 7, 2011 | Share 
;)
;)
