Articles from March 2011

MARS COMPLIANCE FOR REAL ESTATE AGENTS

Tuesday, March 29th, 2011

Any real estate agent who negotiates short sales with lenders or promotes their services as a way to help consumers avoid foreclosure is covered by the new Federal Mortgage Assistance Relief Services (“MARS”) rules, and must comply with all requirements regarding mandatory disclosures, misrepresentations and the prohibition against collection of advance fees.  [16 CFR 322 et. seq.]

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