Why can’t I let my brother in law negotiate my short sale? He is a realtor after all!
Kudos to one of our legal network affiliates of Attorney Short Sale Negotiators who answered this question as succinctly and accurately as you could ever ask:
|Should real estate agents negotiate short sales?
No. Absolutely not. It is replete with legal issues, risks, deficiency issues (amounting to tens or hundreds of thousands of dollars of liability to the Seller), tax implications which can be huge, foreclosure attorneys that need to be dealt with, bankruptcy courts/attorneys, divorce attorneys, U.S. attorneys in the release of tax liens, collections agencies, debt collector law firms, mortgage fraud, fraudulent short sale transactions by the buyer, etc.
Thanks Elizabeth Kayser!
For a really fine website on Short Sale Legal Matters, get a second opinion at WWW.KayserLawFirm.com!