Tuesday, June 10, 2008
Option COntract, Short Sales, & Title COmpany
Let me explain something about title companies using the option contract and short sale. The short sale can be closed with your own funds through an option contract and a shorts ale transaction. This is a short sale when using an option contract. Make sure you choose your title company selectively because they may not understand the memorandum of option contract. The short sale can be funded through a double closing at the title company. These are just the basics regarding an option contract and a short sale at the title company selected.