I have been writing Title Insurance on Real Estate Closings for a number of years. My underwriter is Attorneys’ Title Guaranty Fund, Inc. ("ATG"), which only writes title insurance through its attorney-members.
In the past year or so, I have received dozens of inquiries about people considering either buying or selling under conditions of a "short sale," where the proceeds of the sale will not be sufficient to cover the balance of the underlying mortgage. Fortunately, for buyers, sellers and lenders, there is a way to do a transaction when such conditions exist. It is difficult, but it can be done.
Most recently, Karen G. Courtney, Managing Attorney, ATG Short Sale Coordination Department, wrote an article with tremendous insight as to tips which could improve a client’s chances of having a successful short sale. Please consider going to Karen’s article to read more about this interesting and important topic.