No doubt that banks are pursuing people who have short sold their homes for the deficiency, or the difference between what they owed to the bank and what the house short sold for. I recently attended the Orange County Bar Association Real Estate Section monthly meeting, where broker David Silver-Westrick spoke on short sales. Among…
Tag Archive: No Objection Letter
Are You a Broker Looking to Take an Advance Fee for Loan Modifications?
If you are a real estate broker in California handling loan modifications and looking to take an advance fee for your services, you must submit your advance fee agreement to the California Department of Real Estate and receive a No Objection Letter. If you do not have a advance fee agreement drafted, you can use…