Apr 16, 2009

Tip 11-2009: Listing a Short Sale

Listing a Short Sale: In listing a property for sale, the listing realtor is not allowed to disclose that the listing is a potential “short sale” without permission of the Seller. Because of the possible delays with short sale approval, I believe it is necessary and only fair that all parties, especially the buyer, understand that the purchase requires short sale approval. Accordingly, as part of the listing, obtain written permission to disclose the “short sale” and also assist the Seller with immediately starting the short sale application. I believe our local Board of Realtors (CAAR) is in the process of making certain changes and recommendations which will help with this problem. Please contact me if you have any questions.

William D. Tucker, III
Tucker Griffin Barnes P.C.

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