May 20, 2012 | Updated 12:00am

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Monday, February 6, 2012

Law Of The Land

New Trends Emerging In Short Sale Legal Transactions

The Offer to Purchase Is Becoming Operative Contract


By Richard D. Vetstein

Special To Banker & Tradesman

With short sales proving an attractive alternative to distressed homeowners and lenders alike, analysts predict that short sales will continue to increase in Massachusetts through 2012. Short sales are a unique type of transaction requiring a different approach in drafting legal contracts.

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