Short Sale Contract Interference: Danger
QUESTION: In a short sale scenario, a seller has a property listed as a short
sale contingent on lender approval. If the seller accepts an offer made by a
buyer ( Buyer X) and sends the contract to the lender for approval, can the
seller send other offers received later to the lender, too? Read more .....
Read a related article Short Sales: Other Options
|
|
RESPA Adopts Changes: General Summary
The final rules reforming the Real Estate Settlement
Procedures Act (RESPA) have finally been published by the U.S. Department of
Housing and Urban Devleopment (HUD). Generally, these changes to the RESPA rules
do not involve the real estate agent; but they are important to know and
understand so that the agent can help his client understand lending and closing
disclosure requirments.
Click here to
read the full article on RESPA changes .
|