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Proceed with caution: Lenders not following protocol, agents still liable during short sales
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Fraud Watch, Industry News, Operations
Friday, March 16, 2012
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A big story from 2011 was the precarious position title agents found
themselves in while working short sales. There was a top down initiative
in the mortgage industry to add new language into the process that made
the agent legally responsible for events and information that were
beyond the call of duty. A recent Webinar from the American Land Title
Association indicated that these concerns have not totally gone away.
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