enforceability of short sale restrictions: Series on the Enforceability of Short Sale Affidavit Restrictions - 11/08/11 06:18 PM
 
The reason that short selling lenders cannot legally enforce their restrictive affidavits has four basic legal components. I will address each in a separate blog because of the length of each component.  
The Four Components
1.      The restrictions are required without legal “consideration” and are therefore invalid;
2.      The restrictions are voidable because there is no “privity” of contract;
3.      The restrictions cloud title (some states formally prohibit the restrictions);
4.      The restrictions violate the spirit and intention of Uniform Commercial Code
 
I.                   Legal Consideration. In order for a promise (or in this case restriction) to be legally … (3 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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