According to guidelines published by the Maryland Real Estate Commission on July 22, 2013, real estate agents are acting outside the scope of their license when negotiating short sales with mortgage lenders. The Commission specifically stated that “since the scope of the real estate license is limited by definition to assisting cli ...Read more
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According to documentation provided directly from the lender, Bank of America is offering a new Cooperative Short Sale Incentive Program, which can provide a seller's incentive from $5,000 to $30,000! It remains to be seen how often the top end of the incentive will be offered to sellers, but this clearly reflects a shift in the direction tow ...Read more
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