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Mortgage Assistance Relief Services (MARS) Rule

Mortgage Assistance Relief Services (MARS) Rule

The Mortgage Assistance Relief Services (MARS) Rule, intended to protect consumers from mortgage relief scams, affects disclosure requirements for short sales.

  • To protect distressed homeowners from mortgage relief scams that have sprung up in recent years, the Federal Trade Commission published the Mortgage Assistance Relief Services final rule on Dec. 1, 2010.

  • Why he appreciates the FTC's decision not to enforce provisions of its Mortgage Assistance Relief Services (MARS) rule against real estate professionals who help their clients obtain short sales.

  • Don’t be discouraged by subordinate lienholders. Do your homework. Know with whom you are working. Persistence is the key to success. Below are some tips to get you started.

  • NAR has made an important step in resolving the confusion caused by the Federal Trade Commission’s (FTC) Mortgage Assistance Relief Services Rule (MARS) among real estate professionals who provide assistance to struggling homeowners in negotiating short sales with servicers on the sale of the home.

  • The Federal Trade Commission's Tom Pahl explains the rationale for the FTC's action on the Mortgage Assistance Relief Services Rule and what it means for real estate professionals. In addition, NAR's Charlie Dawson discusses the next steps following the FTC's action.

  • A new rule from the Federal Trade Commission that aims to protect home owners from mortgage relief scams may impact real estate professionals who represent clients involved in short sale transactions.