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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Depends on status of the buyer... Posted by Ward-CA- on April 14, 2008 at 7:08 AM In Reply to: EPA and Short Sale? posted by Steve B on April 13, 2008 at 6:14 PM Steve, Regardless of whether the homeowner has any equity or not, Civil Code Section 1695 requires the use of forms containing special language and a Notice of Cancellation if the buyer has no intent to move in and use the premises as their principal residence. -----Ward ============== : When buying a home from an owner that is in pre-forclosure, here in California, if there is no equity in the house and we are going to negotiate a short sale with the bank, do we still use an EPA or can we use a regular purchase agreement? Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : Steve, : Regardless of whether the homeowner has any equity or not, Civil Code Section 1695 requires the use of forms containing special language and a Notice of Cancellation if the buyer has no intent to move in and use the premises as their principal residence. : -----Ward : : ============== : : When buying a home from an owner that is in pre-forclosure, here in California, if there is no equity in the house and we are going to negotiate a short sale with the bank, do we still use an EPA or can we use a regular purchase agreement? [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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