HUD Suspends Pending Dual Agency Limitation – Short Sales

September 26, 2013

HUD Suspends Pending Dual Agency Limitation – Short Sales

Posted by Darren Welsh under TGIF Legal Tips
[2] Comments

Many of you have heard that short sales were going to be limited so that the buyer’s and seller’s agent could not be from the same brokerage. The new rule was effective October 1, 2013.

You can read the July 9, 2013 Mortgagee Letter (#2013-23) from HUD here.

The latest news from the National Association of REALTORS(r) is that as of yesterday September 25, 2013 HUD officials reported that they would reissue the July Mortgagee Letter (#2013-23) and remove all dual agency language. The issue is not completed, but the dual agency policy will not be implemented on Oct. 1.

2 Responses to “HUD Suspends Pending Dual Agency Limitation – Short Sales”

Nevada Home Owner’s Bill of Rights (Foreclosure/Short Sale/Judicial Foreclosure) | Nevada Residential Real Property Law Says:

September 30, 2013 at 3:53 pm
[…] HUD Suspends Pending Dual Agency Limitation – Short Sales 9.26.2013 […]

Reply
Brian Linnekens Says:

October 4, 2013 at 12:58 am
Your blog is very informative and I have learned a lot of things from this.

Reply

Leave a Reply Cancel reply

Enter your comment here...

Fill in your details below or click an icon to log in:

Email (required) (Address never made public)

Name (required)

Website

You are commenting using your WordPress.com account. ( Log Out / Change )

You are commenting using your Twitter account. ( Log Out / Change )

You are commenting using your Facebook account. ( Log Out / Change )

Cancel

Connecting to %s

%d bloggers like this:

Nevada Residential Real Property Law