Whether buying or selling real estate, you will eventually come face to face with the one document which transfers title from seller to buyer - the “deed.” The actual transfer of ownership takes place when the deed has been “signed, sealed, and delivered” to the purchaser.
Foreclosure has a negative impact not only on homeowners, but also their neighborhoods and local economy. One way to avoid foreclosure is with a “short sale,” in which the lender is willing to accept a payoff that is less than the balance of the loan. Such a sale still benefits the lender, supports home values, and helps the seller maintain a level of credit.
You’ve undoubtedly heard the jokes about how many people it takes to “change a light bulb.” Have you ever asked yourself how many people are involved in a home sale?