http://texasrealtors.wordpress.com/2012/03/27/why-you-should-check-the-date-on-that-affidavit/

If you’re involved in a short sale, make sure the affidavit you’re signing is up to date.

Earlier this year, Freddie Mac changed the short-sale affidavit it requires real estate brokers, escrow agents, and transaction principals to sign. The affidavit includes certifications aimed at preventing fraud, such as requiring certification that the short sale was an “arm’s length” transaction. The affidavit still provides that a signatory making “a negligent or intentional misrepresentation” agrees to indemnify the servicer and Freddie Mac for losses, but now additionally provides that the certification is only to “the best of each signatory’s knowledge and belief.”

This new policy went into effect on Jan. 1, 2012, so make sure you’re signing a current form or request that a new one be provided. Learn more at Realtor.org.

Posted on March 27, 2012 by Texas Association of REALTORS®