Short sale/foreclosure question

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Apr 13, 2011 3:15 pm

In the process of trying to short sale a house but it is looking like we might have to just walk away with no market in sales right now.  My question is is a short sale or foreclosure reported on a U-4?  And if so how long does it hang around on the U-4?  Thanks!

Apr 14, 2011 10:25 pm

Here's a decent link on whats reportable.

http://investor.financialcounsel.com/Articles/Broker/ARTBROK0000072-FormsU-4andU-5.pdf

My advice is to contact your firm's legal/compliance department. They
deal with the U4/U5 forms all the time and can probably tell you for
sure if its reportable or not - if they don't know they can always ask
FINRA.

Jun 4, 2011 8:53 am

Try visiting this link man, I think you need some extra help from sound experts.

what is a short sale?