Friday, October 8, 2010

Title Tip- Short Sales/ REO

Short Sales

Not So Short!

The Average length of a short sales these days is 90 days. Keeping that in mind it is wise to update your preliminary title report every 3-4 weeks! This will help in limiting the chance of any last minute surprises!


Most common lien attached during an REO transaction is a weed abatement lien by the local city!

Updating your prelim will keep you abreast of what is happening on the property and giving you ample to time address any issues as they arise!

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