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J
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J answered:
Hi J,
It's hard to say what the specific liabilities might be in your partlicular situation being in North Carolina. In our neck of the woods the biggest concern is an Agent representing themselves as a "Distressed Home Consultant" or someone who might be a party to a "Distressed Home Conveyance".
One of the easiest ways to eliminate your personal liabiltiy, no matter your comfort level, is to out source your negotiating service to a third party. At that point they assume any potential liability for errors and you subsequently are freed up to work on acquiring new business or even finding a buyer for your current short sale.
Short Sales are an incredible source for business; I would highly recommend learning what some of the guidelines are in your area. The number one source should always be your Broker. If they are unable to guide you then contact your local real estate attorney. Though it may cost you a few hundred dollars, those attorney's fees will be made up after your first sale.
Though I have personally negotiated some 50-60 short sales in my 5+ year real estate career I will always out source my business to an organization here in Seattle. If you would like more information please feel free to visit my blog at http://bellevueshortsaleexperts.com
Best Regards,
Justin W. Richards, Realtor
Managing Partner - Premier Lots, LLC http://www.BellevueShortSaleExperts.com
justin@assetrealtygroup.com
425-765-8088
It's hard to say what the specific liabilities might be in your partlicular situation being in North Carolina. In our neck of the woods the biggest concern is an Agent representing themselves as a "Distressed Home Consultant" or someone who might be a party to a "Distressed Home Conveyance".
One of the easiest ways to eliminate your personal liabiltiy, no matter your comfort level, is to out source your negotiating service to a third party. At that point they assume any potential liability for errors and you subsequently are freed up to work on acquiring new business or even finding a buyer for your current short sale.
Short Sales are an incredible source for business; I would highly recommend learning what some of the guidelines are in your area. The number one source should always be your Broker. If they are unable to guide you then contact your local real estate attorney. Though it may cost you a few hundred dollars, those attorney's fees will be made up after your first sale.
Though I have personally negotiated some 50-60 short sales in my 5+ year real estate career I will always out source my business to an organization here in Seattle. If you would like more information please feel free to visit my blog at http://bellevueshortsaleexperts.com
Best Regards,
Justin W. Richards, Realtor
Managing Partner - Premier Lots, LLC http://www.BellevueShortSaleExperts.com
justin@assetrealtygroup.com
425-765-8088
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