Did you get the ARMLS email? Thursday morning they sent an email out all members notifying us that they changed the field title Lender/Corp Aprvl to Relo/Corp Aprvl. Many agents were using the Lender/Corp Approval field for all potential short sales – when that wasn’t its purpose. That’s what the Short Sale field is for. Hopefully this move helps differentiate the two – I think it will.
As you can read in the email linked above, ARMLS did it’s best to correct listings that appeared to be incorrect. If you have any Relocation or Short Sale listings, you may want to double check everything is set the way you want it. Also while you are in there, if you are the listing agent on any of the 125 listings that are categorized as both short sales and lender owned you might want to correct them as well!