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Short Sale Best Practices...Protecting Homeowner's Rights and Your License

Unethical and/or illegal real estate practices will definitely catch up to those who engage in such behaviors.

The Washington State Department of Licensing recently suspended the licenses of brokers engaging in unethical/illegal practices regarding short sales.

Read the full blog post - here is an excerpt:

Investigators found evidence of ongoing patterns and practices that financially harmed consumers. These practices included:

  • misrepresenting to sellers that the home would be purchased by the broker if it didn’t sell within 30 days
  • telling homeowners to stop making mortgage payments so they could do a short sale
  • listing homes at prices not authorized by the homeowner
  • listing homes at artificially reduced prices in order to generate low-ball offers
  • misrepresenting the contents of listing agreements by having homeowners sign blank addenda and later filling in unacceptable list price authorizations
  • failing to provide sellers with copies of executed listing agreements
  • telling homeowners to vacate their home before they were legally required to do so
  • communicating negligently with homeowners, potential buyers, and lenders

Get Educated on Short Sale Best Practices, Applicable Laws, and Negotiating and Processing Short Sales.

Become a Certified Foreclosure Alternatives Consultant

Next class: WEDNESDAY, OCTOBER 20TH ~ 9am-4:00pm ~ Lunch included!

iMortgage 9139 W. Russell Rd., Suite 100, Las Vegas, NV 89148

(Behind the Bank of George in the Desert Canyon Business Park –
215 & W. Russell Rd. Take Jerry Tarkanian Way to W. Oquendo Rd.)

Register today at www.shop.stevenkitnickseminars.com

This course is approved by the Nevada Real Estate Commission for 7 hours of general continuing education credits CE.5094000-RE. The course is sponsored by Steven Kitnick Seminars.

Once you complete the Certified Foreclosure Alternatives Consultant Designation Course, you’ll be a trained consultant who understands the alternatives to foreclosure with an emphasis on the short sale process.

 

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