Short Sale Disclosure Flashcards
1
Q
Section 1 of the short sale disclosure addresses
A
Short sale defined
2
Q
Section 2 of the short sale disclosure addresses
A
Third party approval condition
3
Q
Section 3 of the short sale disclosure addresses
A
Third party rejection or changes to the proposed short sale
4
Q
Section 4 of the short sale disclosure addresses
A
Delays in response from the third parties
5
Q
Section 5 of the short sale disclosure addresses
A
Right of third parties to encourage additional offers
6
Q
Section 6 of the short sale disclosure addresses
A
Right of buyer and seller to cancel
7
Q
Section 7 of the short sale disclosure addresses
A
Tax and legal consequences
