I have to ask this question because of a trend in our area of some title companies taking over Short Sale transactions for an up front fee from REALTORS and their clients. Is this something that other agents have found success with? When your client is under financial distress, and you are not sure if the deal is going to close, is this a good return on your investment? I'm all for competitive options, BUT can the title company do anything that you cannot do yourself?
If you let a title company "negotiate" for you couldn't you loose a certain element of quality control? What are the benefits?
The bottom line on my Short Sale deals . . I do not get paid unless I complete the transaction AND I make sure that the LENDER pays the commissions and closing costs for the involved parties. If the deal does not close, the seller has a foreclosure, you are out a commission, but the title company has still been compensated.
Thoughts and comments would be appreciated!