Florida Short Sales

13. Jan, 2010 4 Comments

If you’re negotiating short sales in Florida, you better have your mortgage broker’s license.  This from a new law that went into effect this month.

Read all about it here:

Letter to Florida Association of Realtors


Short Sales
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4 Responses to “Florida Short Sales”

  1. Owen McGab Enaohwo Reply 13. Jan, 2010 at 12:19 pm

    Yep, in MD you have to have a Real Estate License (which I do) to negotiate short sales. I guess getting the licenses will ensure more ethical behavior which is not bad for the most part.

  2. marcus Reply 07. Feb, 2010 at 7:19 am

    mortgage license? or real estate license? seems to be some confusion here..

  3. jaime Reply 22. Jun, 2011 at 10:02 pm

    what a minute I thought real estate investor did not need any licensing requirements. As most investor purchase real estate. To my understanding Banks are not in the real estate market but in the money market.

    That defeat the purpose of having a Option for Purchase and Sale contract and an Authorization of Release Information that allow real estate investor to approach the bank and make an offer.

    I’m I missing something here?