Short Sale Assistance - an extension of our title clearance services
As closing attorneys and title agents, we handle the payoff of seller mortgages in purchase transactions. When sellers know that their payoff(s) will exceed their proceeds (and their financial circumstances prevent their ability to bring funds to the table) the transaction is known as a “short sale”.
Our firm offers a variety of additional services in support of this situation. We offer preliminary title reviews and settlement statements to support the decision-making process. This may be our only role if the seller or listing agent prefers to be the “point of contact” for the seller’s communication with the payoff lender. Otherwise, members of our staff are available to serve as the point of contact with the bank, disseminating information between the parties and moving the transaction forward to closing.
Before choosing how to proceed, we ask sellers to review www.knowyouroptions.com to be sure that a short sale is the best alternative for their situation. If so, please contact Amy Williams at shortsaleinfo@fryerclosings.com or click here for materials that will help you get started. Please visit our website at www.fryershortsales.com
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