Short sale transaction issues compliments of Title Guaranty
Sunday, October 24, 2010
Transaction issues are-
- time limitations
- interest clock is ticking
- property values changing
- buyer needs quick loan approval
- seller should consult tax advisor for tax ramifications of short sale
- repair issues can cause problems for both parties
- seller may be unable to come up with additional closing monies if needed
- escrow cannot proceed without payoff and release instructions from seller's lender



