FTC aims to stop Idaho short sale and loan modificaton scams

Real Estate Agent with Keller Williams Boise

Short Sales ScammerA new rule created by the FTC to protect Idaho homeowners from mortgage debt relief scams may have an impact on real estate professionals helping clients with short sales.

In a nutshell the rule bans all upfront fees for renegotiating mortgage terms and mandates some disclosures are made to consumers if a short sale is negotiated with a lender for Idaho homeowners or when advertising short sale experience.

Companies or real estate agents advertising help with short sales are now required to include the following...Read more about the new short sales rule.

Comments (1)

James A. Browning
Browning Real Estate School/REO Institute - International, IT
MRE REOCertified(R) SSCertified

Thank you for sharing your blog; we need Real estate Professionals to share their comments and information regarding their markets and experiences. Thanks again from beautiful Colorado

Jun 05, 2012 07:16 AM