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Arms Length Transactions in Silicon Valley Short Sales Is It Too Onerous?
When a seller sells their home as a short sale, most lenders will make everyone, the buyer, the seller, and the agents sign and notarize an Arms Length Transaction document. This states that the sellers and buyers do not know each other, are not related, and the seller will never again, EVER, live in the house , or ever make any profit off of the sale of the home. They can never rent the house or ever buy it…Continue
I sell a lot of of Probate and Trust sales. They are not quite like a traditional sale, but not as unlike a traditional sale as a Short Sale or Foreclosure. One of the differences are disclosure obligations. In California one of the diclosure requirements that…Continue
Added by Marcy Moyer on January 12, 2011 at 4:00pm — No Comments