Short Sale Transactions - Guidelines Revised | Industry Insider News

Popular Links
New Links
My Submissions
Share a Link

8 votes

Short Sale Transactions - Guidelines Revised

Posted By: Steve Babiak, over 2 years ago (Report Spam)
Category: Industry Insider News / Type: News
Source: thefund.com

it is no longer required that â€œtrue sales price/valueâ€ be disclosed to original lender provided the â€œright to sellâ€ is disclosed in purchase contract.

Comments
Who voted?
Email this Link

Comments

At 06:29PM on October 14, 2009 - Will Barnard said...

Tnanks for posting your bulletin Steve.

At 06:28PM on October 14, 2009 - Will Barnard said...

The main important factro for investors to remember is to DISCLOSE to both parties via the PSA (or option contract) and right on the Hud1, that "This property may be re-sold immediately for a profit" In doing so, and in having both the A to B and B to C transactions stand on their own merit (have their own funding), the transcation is perfectlt legal and legit.

Commercial Real Estate	Economy
Foreclosures	General Real Estate
Housing	Industry Insider News
Local Real Estate	Mortgage & Lending
Oddball	Opinion
Real Estate Investing	Real Estate Listings
Real Estate Marketing	Real Estate News
Real Estate Technology

BiggerPockets

Categories

Short Sale Transactions - Guidelines Revised

Comments