California Regulator Issues Advisory On Illegal Activities Associated With Short Sales

The California Department of Real Estate recently issued an advisory to real estate agents licensed by the state on short sales and some of the legal and ethical minefields to avoid when dealing in these types of transactions. Among the points addressed are the activities of
unlicensed, self-described "short sale facilitators" and illegal short sale flipping.

For the advisory, see Short Sales -- An Overview and Warning to Real Estate Licensees Re: Fraud, and Legal and Ethical Minefields.