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Updated almost 15 years ago on .

User Stats

265
Posts
41
Votes
Edwin De leon
  • Investor
  • bronx, NY
41
Votes |
265
Posts

Under What Conditions Can Investors Deal Direct With Bank With Short Sales

Edwin De leon
  • Investor
  • bronx, NY
Posted

Now with the new laws going into effect as of april 5th that real estate agents must handle all short sales, but under what conditions, this is not clear to me.

Questions:

1) can investors under the new HAFA and HAMP rules under certain conditions still submit short sale packages to the banks directly or they cannot any longer submit packages themselves for properties they wish to buy and flip under any conditions period.....

2) if this right has been taken away from real estate investors to submit short sale package direct to banks, then what is the best way to accomplish this now for investors who wish to focus on short sales investments