duty to disclose: MORE on Flipping, Flopping and Fraud...this has been GREAT!! - 07/10/11 01:02 PM
We have had great dialog regarding fraud and disclosure and I wanted to follow up on this based upon the GREAT comments that we are entering.  This is what Active rain should be....professional dialogue to vet issues and voice opinions (naturally networking is huge too).
Much of the discussion relating to fraud has been based on disclosure. Disclosure is a HUGE issue today because the short sale process has escalated the importance of disclosure. This is not only on what TO disclose, but also what NOT to disclose in a short sale transaction.
Many have expressed that as long as you … (6 comments)

duty to disclose: Things a Listing Agent Should Never Tell a Short Sale Lender.. - 05/22/11 09:47 AM
There is a disturbing trend in short sales....an investor puts a property uder contract and begins to market tghe property for future sale.  Listing agent discovers that there may be a higher offer. They then tell the short sale lender!
This is a mistake for valid legal reasons.  The listing agent's duty is to the home owner.  In telling the short sale lender that there "may" be a higher offer, you are breaching that duty to your client!  If the short sale that you submitted is rejected, you are now liable to yoru client because you had no duty to disclose … (2 comments)

 
Paddy Deighan MBA JD PhD, Paddy Deighan J.D. Ph.D (http://www.medicalandspaconsulting.com)

Paddy Deighan MBA JD PhD

Paddy Deighan J.D. Ph.D

Vail, CO

More about me…

http://www.medicalandspaconsulting.com

Address: 770, Potato Patch Dr, Vail, COLORADO, 81657

Office: (877) 557-9669

Mobile: (949) 701-2192

Author Bio: Paddy Deighan earned his Juris Doctorate and PhD Paddy consults with taxpayers in regard to tax liens, tax levies, tax levy, offer in compromise, tax debt, tax settlement

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