Are sellers, brokers and buyers in a short sale transaction being set up by the big banks? Most lenders routinely require that the seller, listing agent and often the buyer and their agent sign some kind of certification, representation, or declaration/affidavit that the short transaction is being conducted at “fair market value” (FMV) or “market value” […]
Archive for October, 2010
Short Sales Negotiations – A Navigable Quagmire of Agency, Duty and Compensation
Until two or three years ago, short sales “negotiation” was the purview of a small niche of real estate agents, attorneys and investors. Depending upon the particular market, real estate agents advise me that anywhere from 30–50% of the properties on the market (which includes properties which are not on the MLS) at any given […]
