New Legal Articles from CAR

Published: September 25, 2007

<p class="MsoNormal"><font face="Arial" size="2"><span style="FONT-SIZE: 10pt; FONT-FAMILY: Arial">M<font color="#000000"><span id="ms__id2595" style="COLOR: black">ember Legal Services has published a revised legal article, <a title="http://www.car.org/index.php?id=MzY3OTc=" href="http://www.car.org/index.php?id=MzY3OTc=">Short Sales</a> (September 24, 2007).  It is available on Legal's <a title="/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=Ng==<br />http://www.car.org/index.php?id=Ng==" href="http://blog.srcar.org/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=Ng==" target="_blank">What's New</a> and the <a title="/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=NTgz<br />
http://www.car.org/index.php?id=NTgz" href="http://blog.srcar.org/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=NTgz" target="_blank">Legal Articles</a> pages on<i><span style="FONT-STYLE: italic"> C.A.R. Online</span></i>. </span></font><font color="#000080"><span style="COLOR: navy"> </span></font><font color="#000000"><span id="ms__id2596" style="COLOR: black">This legal article has been updated and revised to provide greater clarity of certain issues (such as potential liability to sellers who misstated their income on stated income loan applications and new forms for short sales). In particular, Questions 10 and 18 were added and Questions 11 and 12 were revised. </span></font></span></font></p><p class="MsoNormal"><font face="Arial" size="2"><span style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font color="#000000"><span style="COLOR: black"></span></font></span></font></p><font face="Arial" size="2"><span style="FONT-SIZE: 10pt; FONT-FAMILY: Arial"><font color="#000000"><span style="COLOR: black"><p class="MsoNormal"><font face="Arial" color="#000000" size="2"><span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Member Legal Services has published a new legal article, <a title="http://www.car.org/index.php?id=Mzc3Nzc=" href="http://www.car.org/index.php?id=Mzc3Nzc=">Strategic Defense Counsel Articles: Short Sales</a> (September 24, 2007).  It is available on Legal's <a title="http://www.car.org/index.php?id=MzUzMTg=" href="http://www.car.org/index.php?id=MzUzMTg=">Strategic Defense Program</a> page on<i><span style="FONT-STYLE: italic"> C.A.R. Online</span></i>. </span></font><font face="Arial" color="#000080" size="2"><span style="FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial"> </span></font><font face="Arial" color="#000000" size="2"><span id="ms__id2598" style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">This legal article is the first of a series of articles to be published by the Strategic Defense Counsel on risk management and litigation defense issues for REALTORS<strong><b><font face="Arial"><span id="ms__id2597" style="FONT-WEIGHT: normal; FONT-FAMILY: Arial">®.</span></font></b></strong>  <p /></span></font></p><p><p /></p><p><p class="MsoNormal"><font face="Arial" color="#000000" size="2"><span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Member Legal Services has published a revised legal article, <a title="http://www.car.org/index.php?id=Mzc3MDM=" href="http://www.car.org/index.php?id=Mzc3MDM=">Taxation of Foreclosures, Deeds in Lieu of Foreclosure, and Short Sales</a> (September 24, 2007).  It is available on Legal's <a title="/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=Ng==<br />
http://www.car.org/index.php?id=Ng==" href="http://blog.srcar.org/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=Ng==" target="_blank">What's New</a> and the <a title="/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=NTgz<br />
http://www.car.org/index.php?id=NTgz" href="http://blog.srcar.org/exchweb/bin/redir.asp?URL=http://www.car.org/index.php?id=NTgz" target="_blank">Legal Articles</a> pages on<i><span style="FONT-STYLE: italic"> C.A.R. Online</span></i>. </span></font><font face="Arial" color="#000080" size="2"><span style="FONT-SIZE: 10pt; COLOR: navy; FONT-FAMILY: Arial"> </span></font><font face="Arial" color="#000000" size="2"><span style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial">Question 9 of this legal article was revised from the newly published version on September 10<sup>th</sup> to clarify the tax issue of relief from indebtedness with short sales.  In addition, citations to the relevant I.R.S. Revenue Rulings 82-202, 1982-2 C.B. 35 and 91-31, 1991-1 C.B. 19 were added.  <p /></span></font></p></p></span></font></span></font>


Last modified: September 25, 2007 at 10:08 am | Originally published: September 25, 2007 at 10:08 am
Printed: September 27, 2020