Strategies Short of Foreclosure: Real Estate Short Sales and Beyond
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Understand when a Deed in Lieu of foreclosure or Short Sale may be utilized to reduce the time and expense of litigation, even when subordinate liens exist.The timeline for many residential foreclosures throughout the nation have been extended by many months and in some jurisdictions even years. Lenders and Mortgage Servicers do not always understand the manner in which Deeds in Lieu and Short Sales may reduce these timelines or eliminate the need for protracted litigation, entirely. This topic helps people employed by the Loss Mitigation Department of Lenders and Servicers to understand when a Deed in Lieu of foreclosure or Short Sale may be utilized to reduce the time and expense of litigation even when subordinate liens exist.
AuthorsPeter T. Roach, Esq., Peter T. Roach & Associates, P.C.
Deed in Lieu
• Title Insurance
• Effect on Deed in Lieu
• Effect on Short Sale