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Real Estate & Property Law

: The Home Equity Theft Reporter

Negotiated Short Sale By Real Estate Agent On Behalf Of Homeowner Facing Foreclosure Not A Violation Of Florida Foreclosure Rescue Law, Says State AG

By r morris

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Does Florida's new Foreclosure Fraud Protection Act(1) prohibit real estate licensees from being involved in short sales? According to Florida Attorney General Bill McCollum, where the only remuneration sought by a real estate agent within the state in negotiating a short sale to assist a client in avoiding foreclosure is the normal real estate commission, and no additional upfront or other fee

Full post as published by The Home Equity Theft Reporter on January 06, 2009 (boomark / email).

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