Does Florida’s new Foreclosure Rescue Fraud Prevention Act (F.S. 501.1377) prohibit real estate licensees from being involved in short sales? According to Florida Attorney General Bill McCollum, in a letter to Trey Goldman, FAR Legislative Counsel, the answer is no, provided the only compensation sought by the licensees is the commission on the sale. The […]
Archives: March 2009
February new home sales rise unexpectedly
WASHINGTON (AP) – March 25, 2009 – New U.S. home sales rebounded unexpectedly last month, but were still the second-worst on record and remained well below last year’s levels, according to data released Wednesday. The Commerce Department said sales rose 4.7 percent in February to a seasonally adjusted annual rate of 337,000 units from an […]