Is Short-Sale-Negotiations.com MARS Compliant?
On January 31st, 2011, the FTC created a requirement for real estate professionals to make certain disclosures if they handle or offer services related to Short Sale transactions. The National Association of Realtors recommended that the following provision be added for consumers: “IMPORTANT NOTICE: Neither Short-Sale-Negotiations.com not your Realtor are not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.” We are adding the provision here and in large bold face print to our Short Sale Procession Agreement. (Click Here) What Forms do you need From the Seller/Home Owner? From the homeowner we will need a hardship letter, a financial information form, and the last two years of federal income tax returns (first two pages only), the last two months’ bank a
