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Beware – All lender short sale policies include a “waiver of funds” clause

March 1, 2010 by admin · Leave a Comment 

Beware: All lender short sale policies include a “waiver of funds” clause that prohibits sellers from receiving any compensation from the short sale transaction, including a kickback from the real estate agent’s commission. Violations of this clause are a federal offense and constitute loan fraud.

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Matt is the CEO, Broker & Lead Listing Agent for the Battiata Real Estate Group. He was named the #1 agent in California & #5 worldwide in 2001 (RE Int.), was featured in the book "Billion Dollar Agent" by Steve Kantor and has been the among the top selling agents in Southern California.

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