What Happens After A Home Short Sale?

When a homeowner defaults on their home loan, their liability is twofold:

  1. In accordance with the terms of the Mortgage, the extent of their liability upon default is limited to their interest in the real property that collateralized the loan amount.
  2. With respect to the Note, the borrower is technically obligated to personally repay the sums borrowed from the lender.

To accomplish a successful home short sale, the lender must release its Mortgage lien in order for the buyer of the property to have clear title to the property. This incredibly important step in a home short sale is our specialty at Winged Foot Title. It underlies our issuance of title insurance.

You can learn more about preparing for a home short sale by downloading our eBook "12 Things You Need to Know To Survive  a Short Sale" or simply contact us with your questions and comments.

Call 239.985.4142 or contact us for a FREE Title Insurance Request today!

Serving Fort Myers, Cape Coral and Naples, Florida.

Winged Foot Tite, LLC is not associated with the government, and our [short sale orchestration] service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.