Many have recently heard that they FHA eliminated the seasoning issue for flipping distressed properties. This is PARTIALLY true. The FHA did eliminate its position that title had to season before transfer of title on a former FHA property. The FDA now allows for transfer of title without season
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02/01/2010
Real estate professionals must be exceptionally careful in negotiating short sales on behalf of their sellers. There are many (thousands) of lawsuits pending in virtually every jurisdiction in which a homeowner has sued the real estate agent when the short sale negotiations did not culminate in
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02/01/2010