Short Sale Advisory

(Insert Broker Name) SHORT SALE ADVISORY     Property Address: _______________________________________________   Sellers facing mortgage difficulties have several options including a loan modification, short sale, foreclosure, deed in lieu of foreclosure and...

Buyer's Choice Act

   BROKER RISK MANAGEMENT   WEEKLY PRACTICE TIP  Buyer’s Choice Act For Title and Escrow Services in Foreclosed Property Sales    1.  NEW CALIFORNIA LAW:  The new California “Buyer’s Choice Act” (which went into effect immediately upon the Governor’s signature on...

Listing REO Properties

  BROKER RISK MANAGEMENT  WEEKLY PRACTICE TIP  Listing REO Properties   Q:  I am an agent who is about to take my first REO listing.  I note that the lender/seller is requiring that I sign a long addendum to the standard listing agreement.  As part of my duties, I...