Last week, DRE issued a Short Sale consumer alert statewide “warning consumers and real estate agents about the perils and potential pitfalls of short sales.”
(Blatantly commercial message: we’ve had a Short Sale Buyer Advisory posted on our website for awhile now – it’s available at no charge by signing up for a free trial of our Risk Management Program.)
“The number of short sales is on the rise and many consumers do not understand the consequences of such a transaction,” DRE Commissioner Jeff Davi said. “Moreover, the Consumer Alert educates consumers and real estate agents to recognize the elements of a fraudulent or questionable deal.”
The alert is posted on DRE’s website – go here to fetch it.