Feb 25, 2011
Breaking: New NAR guidelines for short sales
25 Feb 2011
Posted by Andrew Kantor
If you work with clients who are doing short sales, thinking about short sales, or who you believe should be thinking about short sales, the Federal Trade Commission might be interested in you. You might not realize you’re engaging in what’s considered mortgage-relief counseling — when you cross the line from helping someone do a short sale to giving them advice about it.
If you cross that line, you enter the world of FTC’s regulations.
Watch this four-minute video for an explanation of the rule, and the guidelines NAR has released.