With the new FTC MARS ruling out, there are a number of changes to ShortSaleSpeedway™ that will help keep you in compliance. 

When entering (or editing) a transaction, the following fields have been added:

• Whether or not you will be providing legal representation.
• You fee for service, for both a short sale and a loan modification.

ShortSaleSpeedway™ then produces a disclosure agreement for you that is based off of the FTC MARS ruling, making sure that you are in compliance!  Failure to follow these guidelines could result in a fine of $11,000 and/or the loss of your real estate license.

For more information on the MARS ruling, go to http://www.ftc.gov/os/fedreg/2010/december/R911003mars.pdf.  A summary article is also available at http://www.ftc.gov/opa/2010/11/mars.shtm