Tuesday, June 10, 2008

Explain Option Contract & Short Sales

We have been discussing option contracts and short sales along with title companies that close short sales using teh option contract. The memorandum or notice of option must be recorded at the courthouse as evidence of teh shorts ale option contract. Next, a title company must be used for a back to back closing.

This can accomodate teh option contract and the shorts sale transaction. Find the title company first and then write the notice of option contract with an attorney that understands teh short sale transaction. If you are in a hurry to close with teh option contract then hope that you have Litton Loan Services and not Indymac for the shorting lender.

Option Contracts with Short Sales Reviewed step-by-step.

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