Foreclosures, Short Sales, Flopping

hands holding a set of keys

Foreclosures with Tenants — How to Comply with the Law and Minimize Your Risk of a Lawsuit

The National Multifamily Housing Council estimates that around 43 million households or 109 million people are renters in the United States. So it’s likely that  at some stage as a real estate professional, you will come across foreclosure sales with tenants.  Foreclosure sales with tenants are not as straightforward as regular listings. Real estate agentsRead More

city road with green sign that says short sale

Managing Short Sales

Short sales don’t happen every day, but they’re relatively common in real estate. Some sellers who struggle to pay their mortgages will take a lower price for their property in an effort to avoid foreclosure. Like many aspects of real estate, short sales can pose some risks to you as the real estate agent, andRead More

Minimizing Realtor® Liability When Listing Foreclosure Properties

Real estate brokers and agents are often hired by banks to market and sell properties after a foreclosure. When dealing with foreclosure properties, you may be confronted with a former owner who has not vacated the premises and/or removed their belongings from the foreclosed property. This article will discuss how you can minimize your liabilityRead More

Are you afraid of Flopping? If not, you should be.

By James R. Myers, The Chartwell Law Offices, LLP, Ft Myers, FL Beware of Flopping As if our national real estate crisis has not been bad enough, a new problem is emerging, as record numbers of short sales continue – a phenomenon known as ―flopping. It is essentially a fraudulent quick flip, involving a re-saleRead More

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