Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Short Sales and Title Insurance - Critical Look at Hybrid Closing Schemes
Recently I have seen various schemes for streamlining the short sale process for the buyer/investor.  Some discussions have been somewhat heated and involved concepts like dual contracts or even insolvent borrower creating a Land Trust for use by the investor/buyer.  At best, the agreement amongst the blog commentors has been to agree to disagree.
First American Title Insurance Company, one of the nation's largest title insurers, distributed a comprehensive instruction memorandum to its title agents in late September and again re-distributed it today (in South Florida).  I have received permission to re-print it in this blog.
If First American's memorandum can be reduced to 4 words, they would be the same 4 words that I have answered for most of the questions posed to me on the subject - PROVIDE ABSOLUTE FULL DISCLOSURE. This disclosure is to the lender that is shorting itself based on the information being presented to it by the selling agent or short sale facilitator.  This memorandum is very educational on the pitfalls that many unknowing brokers and sellers could fall into just because they didn't know to ask if the lender is onboard with the full details of the proposal.
Innovative closing methods and thinking outside ... more

__________________________________________________
Are you on The Rain? Grow Your Network!