liabilities of short sales: WHAT SHOULD WE PUT IN THE ‘DUE DILIGENCE’ SECTION OF THE OFFER?
- 09/13/11 02:50 PM
In North Carolina we now have a Due Diligence Period that can be negotiated and put in the Offer to Purchase and Contract (Offer to Purchase). We could have done it with the old contract but it is now a prominent part of the new Offer to Purchase. In a short sale situation, however, the best thing to put into this section is N/A. Why?
1. The Seller can’t make anything on a short sale. Unless this is a short sale under the HAFA guidelines, the Seller is not allowed to make any money on a short sale. If … (1 comments)
;)
;)
