Archive for the ‘Analogy’ Category

Escrow And Title As Part Of The Short Sale Process

Friday, December 23rd, 2011

Greetings my name is Jeff Green from The Jeff Real Estate Team. We are one of the leading short sale businesses in :k1: and we’re here to serve you with all of your real estate needs. As a team we’ve handled hundreds of short sales and we’d like to do business with you if you happen to be dealing with foreclosure. The video blog you’re watching right now is intended to provide you with additional information regarding the short sale process.

One of the questions I’d like to cover is “What is title and escrow and what do they have to do with the short sale process?” In real estate, we use the analogy that there are three legs to the table: sales, which is what The Jeff Team does, lending, and escrow and title. Basically escrow is a neutral party where all documents are conveyed and all information goes back and forth. A package is assembled that includes all the documentation, contract information, money and other important things to execute the sale. Clearly this is a very significant step in the short sale process.

Title is the part of the process that secures the title for the next buyer and supplies title insurance. They’re the ones that issue a policy that tells the buyer that the title is free from flaws; if there are defects that show up later, there is insurance to cover it. These processes are very important and we work together as a team with the lender and with title and escrow to guarantee that things are completed effectively.

We look forward to helping you with your short sale. If you have additional questions or are wondering how the short sale process works before you make a decision, please call us because we are happy to answer any questions you may have regarding short selling your house.

For more information on short sales and how to avoid foreclosure, or you can also and get started today.

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