GUIDELINES FOR LICENSEES IN SHORT-SALE TRANSACTIONS FOR MARYLAND HOMEOWNERS
The guidelines for Real Estate Agents to follow as of July 1st 2013 is mandated by the Federal Regulation "O" and the Maryland MARS Act specifically address the need to regulate licensees that may be negotiating on your behalf.
Our services are set up for us to become a conduit between you and your lender. When the time comes where conditions are not favorable to our clients, we then contact an attorney that assist us in all our short sales to negotiate the best terms for you.
The same law states that no one should charge you any money to do your short sale, we pride ourselves to have already set up a system for the last 7 years and not charge our clients any fees when we do a short sale for them.
- See more at: http://www.reallynicehomes.com/blog/short-sales-agents-montgomery-county-maryland-attorney-assisted-short-sales/#sthash.SiqAdJrV.dpuf
Why do you need to have an attorney or a licensed short sale negotiator to help you do your short sale?
- They are speaking on your behalf. .
- They know when to press and when to pull back
- They know the results will have tremendous consequences for your future
An inexperienced negotiator could put the entire transaction at risk when there is no proficiency in the following areas:
- Refuting the banks assertions of current market value.
- Negotiating more than just a release of the lien(s).
- Negotiating deletion of Promissory Notes and Deficiency Judgments stipulations, etc.
- Ability to escalate a short sale transaction to the proper individual or department within the lender organization
- Our attorneys are proficient and determine to get the best outcome for you. .
- Our attorney has an authorization from you for your lender and he is available to discuss any concerns you may have when we do a short sale.
- We are proud to be associated with Village Settlements and it's attorneys to help our clients in this time of need.