NAR approves short-sale disclosure options for MLSs

The National Association of Realtors' board of directors has approved policies that allow for more disclosure about the potential for short-sale transactions in which lenders consider whether to allow a purchase offer that is less than the amount the seller owes on the mortgage.

All rights reserved. This article may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this article without permission is a violation of federal copyright law.