Here is a copy of an email all Relators received today. If all listings are handled correctly, there should be no problem keeping the foreclosure stats intact:
November 19, 2008
ARMLS has made some changes to the Special Listing Conditions field and has automatically updated any listings that would appear to be mis-categorized as a result of the redefinition of two options under that field.
Lender/Corp Approval is now Relo/Corp Approval. It is to be used when approval by a Relocation/Corporate third party is required to go forward with escrow.
Short Sale Approval is to be used if approval is needed by a third party lender in order to go forward with escrow.
Some 4,750 Active, AWC, TOM and Pending Residential listings that indicated that they were short sales in one or both of the Remarks fields and had the Lender/Corp Approval in Special Listing Condition selected were changed by ARMLS to the correct selection of Short Sale Approval Required. While we believe that all of the listings that we changed were in fact updated properly, if your listing was changed by ARMLS and it was not a short sale, we apologize. Please contact us and we will manually change the listing to the proper category.
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