DISCLAIMER: I’m a Realtor. Here is what I am NOT – I am not a bomb diffuser, not an attorney, not a rocket scientist (but I dated one once :-), not a lawyer, not your mother, not omniscient and I am not a Realtor licensed in every state. So please for the love of all that is good in this world – DO NOT take my word for anything here. Do your own due diligence, talk to your broker, ask around, check out other blogs if you like. Be cautious about making any ‘absolute’ statements to your clients as things are changing daily related to short sales. But don’t imagine that going to seminars held by banks is a place to get your answers. The bank is looking out for the bank, not for your clients as you need to be doing!
Good Luck out there and please don’t learn to do Short Sales by trying it on an unsuspecting home owner. You’re failure means they lose their home to foreclosure and all of the negative impact that goes with it. This is no time to play around with your ego and other peoples lives.
-Short Sale Steve