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Why does the preliminary title require constant updating during a “short sale transaction?

April 26, 2017constant Preliminary require sale short title transaction updating

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Why does the preliminary title require constant updating during a “short sale transaction?

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When a homeowner feels that keeping their home is no longer financially feasible, it is likely that they are struggling to meet other financial obligations as well and could have additional delinquencies. During a short sale transaction, it is important that preliminary title is constantly updated so that any liens or judgments that remain outstanding are caught and dealt with in a timely manner.