Most agents are not aware of all the laws and possible consequences of shorts sales. They need to be handled properly for future protection. I advise ALL my short sale clients that it is highly advisable to work with attorneys in conjunction with the agent and the sale of the property. Agents are not attorneys and these situations need to be handled correctly for the protection of the seller and the agent. To get the BEST legal advice I would contact attorneys that specialize in 'short sales'. You may contact whomever you wish. I use Williams Keyes at www.AFM7.com.
It is amazing how much mis-information is out there and that agents think they can handle this not knowing all the laws and possible future outcomes that may apply for the seller.... more