Why Title work upfront is important?

Today I will give you some tips about title work upfront on your short sale. Why Title work is important? Title work is important because if you start a short sale and you have not officially check title then you could get all the way to the end of that short sale and you could go get to approval which could take 2-6 months, you could have short sale approval in hand and then find out there's an undischarged mortgage on title or you could find out there's an execution or judgment or second mortgage or Department of Revenue Lien, IRS lien. These liens or secondary liens or primary liens if it's undischarged mortgage that is for your homeowners’ mortgage can derail your short sale. It's very important that you pull title upfront for your short sales.

That's my tip for you guys today. If you don't have a great title company, I can recommend one for you but it's really important to pull title upfront every time you start a short sale so there are no surprises throughout the process. Because sometimes like Fannie Mae and Freddie Mac, they don’t allow payments on personal debt.

How do you negotiate that sale now for your homeowner? You may have to start charging the buyer with those fees and much better to know that information upfront rather than when you have approval on it.