Monday, December 17, 2012

"Short Sale Coordinators"



Dear Associates,
As mentioned at the Sales Meeting this week, we cannot work with any 3rd party "Short Sale Coordinators". If you have any questions, please see your Manager.
Attached is a recent email that is a perfect example of a 3rd party Short Sale Negotiator who makes all kinds of promises. BUT bottom line is their activities range from unethical and unconscionable to illegal. We have been informed by the DRE that several of these companies are being prosecuted in California and that Associates who have worked with them have lost their Real Estate licenses and are also being prosecuted.
Short Sales are a great source of business in our markets, however, they should be managed directly by the Sales Associate.
Again, see your Manager with any questions and thanks for your vigilance. We’re trying to look out for your and the clients best interest.




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