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- Short Sale and/or Foreclosure is a Material Fact and ...
Short Sale and/or Foreclosure is a Material Fact and Must be Disclosed
Nathan Wolf, "natewolf"
Real Estate Agent
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I see many For Sale By Owner listings where the seller fails to complete a Mandatory Property Disclosure Form. And part of this form is a disclosure of any liens, pending litigations (*short sales and/or foreclosures are included in this), and any other material facts.
If you're not going to list your home with a licensed professional who can help you be in compliance with the laws of your state, at least find out what is required in your state before listing your property. There are plenty of reduced service agents/brokers who can help you ensure compliance for a very nominal, flat fee.
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