EWM Title Introduces ‘Short Sale Starter Kit’
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A short sale is when the proceeds from the sale of a home are less than the mortgage balance owed, and the lender agrees to discount that balance in order to achieve the sale.
There is a fee of $250 to the seller to cover out-of-pocket charges for the necessary title search, title examination and lien search. The fee is non-refundable to the seller once these services are provided.
The Starter Kit is aimed at those individuals who know that their mortgage amount is higher than what their residence is worth and need to expedite the sales process in order to avoid foreclosure.
“As anyone who has dealt with short sales can tell you,” says Marisa Pia Capua, Esq., president of EWM Title, and the author of the Starter Kit, “the biggest challenge in this process is waiting to hear whether the financial institution has accepted the offer from the potential buyer or not. By utilizing the Starter Kit, a short sale seller can begin the complex process before their home is under contract, helping to speed up what are often maddening time frames.”
The Starter Kit includes sample forms and contact information to get the process started. The helpful, knowledgeable staff at EWM Title will assist sellers by following up on the paperwork submissions to push things along so that when that offer comes along, a quick closing is sure to happen.
“Initial response to the Starter Kit has been phenomenal,” adds Ron Shuffield, president of EWM. “With such a large percentage of residential sales now short sales, the Kit is an important resource for a seller who is facing these circumstances and needs to move the process along as rapidly as possible.”
With local roots that are almost 50 years old, EWM Title is one of Florida’s most recognized and reputable title companies. EWM Title has been at the forefront of short sale activity, and has unmatched skills at providing answers and resolving issues quickly through this often-difficult process.
“We recognize that any homeowner engaged in a short sale is under great stress,” concludes Capua. “At EWM Title, we provide the personal touch so often lost in this fast-paced market that can help them work through the process.”
For additional information or to access the ‘Short Sale Starter Kit’, please visit www.ewm.com/title, or contact Short Sale Expert Laura Coiner of EWM Title, at 305.960.2578.
I could not find the short sale starter kit described in the ad that was mailed to my house.