Cemo Title Services, LLC
  • Contact Us
  • Location
941.485.1110
  • Home
  • Request a Free Quote
  • Short Sales
  • Why Title Insurance?
  • About Us

Short Sales & Foreclosures

Selling through a Florida Short Sale

Short Sale of HouseAs an alternative to foreclosure, many sellers attempt to short sell their properties that are worth less than the amount of debt owing. Many pitfalls need to be avoided in a short sale. Often a property owner short sells his or her residence without realizing the bank might later sue him or her for the amount of remaining unpaid debt – even though the short sale already took place!

Therefore, it is critical to engage a title services company with highly experienced staff to work actively with your lender. Our team has tremendous experience with short sales and will strive to complete your short sale so that you do not have to pay any money at closing or owe the remaining debt after the short sale takes place.

Buying through Short Sale or Buying a Foreclosure Property

Buying Through Short Sale

Engaging a title company whose staff are experienced in Florida short sales will help you obtain the best deal possible.

Short sales in Florida are particularly tricky because when you make your offer; the offer will be contingent upon the seller’s bank agreeing to the sale. This happens because the price of your offer is less than the full mortgage amount that the bank is owed. In fact, what makes Florida short sales unusual is that sometimes a seller will take competing offers, submit each one to the bank, and only one offer will be approved.

In addition, seeking short-sale approval from banks may be complicated and time-consuming. That is why engaging a title company whose staff are experienced in Florida short sales will help you obtain the best deal possible.

Buying a Foreclosure (Bank-Owned) Property

Issues concerning mold, Chinese drywall, municipal and other liens, open construction permits, and unpaid homeowner association assessments are all issues that need to be addressed when purchasing a bank-owned property.

When buying a foreclosure property, many times there are title problems with the bank-owned property, as well as other lien issues, that have not been fully resolved by the bank during their foreclosure. Because the bank sells its bank-owned property “as is,” the buyer needs to conduct proper due diligence prior to closing. Issues concerning mold, Chinese drywall, municipal and other liens, open construction permits, and unpaid homeowner association assessments are all issues that need to be addressed when purchasing a bank-owned property.

We put you at ease
throughout your real estate transaction.

Cemo Title Services in Venice, FL provides highly competent and professional title services and closing solutions for real estate and mortgage loan transactions; our team has extensive experience with short sales and foreclosure property purchases.

Cemo Title White Logo

1000 South Tamiami Trail
Venice, FL 34285

Serving Sarasota, Charlotte and Manatee counties, and all of Southwest Florida.

Call Us Today:
941.485.1110
  • Contact Us
  • Privacy Policy
  • Title Insurance Venice FL