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Real Estate & Property Law

: The Home Equity Theft Reporter

California Appeals Court Fires Warning Shot At R/E Agents Failing To Disclose That Property Is So Greatly Encumbered That Short Sale Is Doomed To Fail

By r morris

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A recent ruling by a California appellate court hammered real estate agents for failing to disclose to a home purchaser that the property was so overencumbered with mortgages that their was little likelihood that a desired short sale transaction would successfully close at the agreed-upon purchase price.The court "kindly" commences its ruling with the following excerpt, which essentially serves

Full post as published by The Home Equity Theft Reporter on October 09, 2010 (boomark / email).

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