I just received a short sale approval from a lender, but the owner (borrower) used a DSELP grant for $9,000 towards closing cost when they purchase the house, now the bank is asking the borrower to…Continue
Jose A. Rivas (RDCpro,SFR, CDPE) has not received any gifts yet
I have been doing short sales for about 3 years, I have seen a lot but I am still learning. I known that banks sometimes might denied a short sale in the following cases:
I read all over the internet about the new MARS rules, that wont be enforced to agents in good standing with their local boards.
This is a great news for us, before MARS required us to make several disclosures and we were not allow to collect any retainer fees.
The new rules:
Real estate agents who are in good standing under state licensing requirements, in compliance with state real estate laws, and assisting homeowners in obtaining short sales…