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Countless short sale transactions fall apart at the 11th hour because of title defects that are not discovered and dealt with in a timely manner.
Here is an example of a common challenge (more common than you think) uncovered when performing a title search:
An invalid or inappropriate lien on the property due to error in legal description on a mortgage that should encumber a different parcel.
When dealing with short sales it is absolutely CRITICAL to have a title search performed early on, ideally immediately after the listing is taken, which is why the company I recommend – GSS Title http://www.gss-title.com – orders title searches immediately, and not once a contract (or worse) lender approvfal is obtained.
As always, thanks for tuning in…
To Your Success!
Thomas Heimann
“Mr. Short Sales”
