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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 |
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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. |
