Title company is threatening to refuse to issue title.
The first lender servicer (SPS) is refusing to put on its approval letter a payoff to the second.
They say they NEVER have done this in a non-HAFA short sale. They defend by saying they don't have
A new title status called "Equitable Interest" has been appearing in our MLS. My understanding of this term is that someone other than the owner has negotiated a price with the lien holder and is now selling the home (or hopes to) at a higher price
Read more…So I just found out that a title company prospected my seller after we went under contract on her short sale telling her they could negotiate her deal so she didn't have to pay someone else to. Has anyone else heard of this or had it happen to them??
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