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Short Sales A-Z™ Online Class Chapter 16

Chapter 16
Short Sale Processing – Title Report

 

Default and foreclosure proceedings are title problems. This chapter teaches the critical skill of knowing how to read and interpret title reports.  The success of the short sale depends on resolution of the title problems.

Objective:

  • Know the use of each of the short sale documents.
  • Understand title reports from the short sale vantage point.
  • Be able to develop an effective discount strategy.
  • Quickly set aside transactions with no potential.

Outline:

  • Short sale document use
  • Preliminary title report analysis
    • Existing condition
  • Subordinations
  • Title condition timeline
    • Seniority order
    • Discount decisions
    • Short sale situation analysis
  • Negotiating with multiple juniors
  • Setting aside unfeasible transactions
  • Use of short sale processing flow chart
  • Sample document analysis

Time:

  • 22:28 minutes

Short Sales Class Chapter 16-1

Short Sales Class Chapter 16-2

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