A look at the Foreclosure Rescue Fraud Prevention Act,which became effective in 2012. This legislation addresses two types of real estate transactions: a distressed-property conveyance and a distressed-property conditional conveyance. It comprehensively regulates foreclosure consultants, distressed-property purchasers and others, and limits the prices of distressed-home sales.
REAL ESTATE LAW
The Foreclosure Rescue Fraud Prevention Act: A Consultant's Nemesis
New Jersey Law Journal
January 24, 2013
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