New law on Short Sales, know your rules and laws Florida. Everybody that deals with short sales here in Florida should read the new law that comes into effect on October 2nd 2008
Here is a link to it
I am not sure if Governor Christ is doing the people that are in a Short Sale situation a favor or not.
Most Realtors do not understand the procedure and most home owners don’t understand it either, now it is more difficult to get help from an independent company and look at the fines. Homeowners in a distressed situation that can not make their mortgage payments anymore will have a difficult time to find a Broker that is willing to take this risk. We still do Short Sales in our company, but it is getting more difficult by the minute.
Below is an update that I found today