RESPA changes and what it means for sellers in Short Sales

Under RESPA laws in the state of UT a seller is required now to bring proof of final payment on utilities and HOA costs. MOST banks won’t pay utilities for the seller and SOME won’t pay HOA. If they do pay the HOA they may not pay late or legal fees. The buyer may be uncooperative in bringing these current. A seller needs to try to keep these paid and operating during the process, if they can’t thy need to tell their agent so that disclosure and property care can be established.

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MSN ARTICLE Find out what you WANT and don't WANT to make home buying faster and better
PROPERTY related tools

1. Must-haves
These are features in the new home that you consider non-negotiable. A good school district, for example. Or three bedrooms. A backyard. You get the idea. The stuff you're not willing to live without, and feel confident you can afford.

2. These would be nice
This is the wish list. An updated kitchen, say, or hardwood floors. Maybe a move-in-ready house. Items that you can acknowledge are wants, not needs. These may be things that can easily be added after you move in. Carpets can be ripped out, after all. It's harder to add a garage.

3. Deal-breakers
These are the things you absolutely, positively don't want. Agents should not waste your time if these are present. Maybe it's a busy road nearby, a long commute or no sidewalks or nearby parks. These are often things that can't be changed.