Real estate agents observe that banks are avoiding foreclosed homes more and shift to short sales due to their quick turnovers and less lender costs.
(prHWY.com) February 12, 2013 - Tampa, FL -- Tampa, Florida (January 16, 2013) - Paramount Title is offering their short sales processing services. They lend their expertise to make
Tampa short sales simple and easy for all parties involved. Many homeowners have an "upside down" mortgage, which means that the money they owe is more than the value of the house.
For example, the home is worth $200,000 while its owner has a $400,000 mortgage with the bank. To avoid possible foreclosure, the homeowner and the bank may agree to a "short sale" or to sell the home for less than the remaining loan balance.
Real estate agents observe that banks are avoiding foreclosed homes more and shift to short sales due to their quick turnovers and less lender costs. Short sales in Tampa reportedly grew 33 percent, averaging 4 out of 10 home sales while selling at about $11,000 less than the median from the previous year.
Short sales can be complex, involving many parties like the homeowner, buyer, agent, and lender. Paramount Title can take away the complexities of processing short sales for all parties involved. They prepare needed documentation like 1040 Form, MLS printout, and purchase agreement ahead of time, as well as facilitate talks between the lender and the homeowner.
Once the parties sign the purchase agreement, the company can complete all the necessary title services. It includes a
house title search and title insurance, preparation of all closing documents, and finalizing the settlement to name a few.
The company's team of professionals is ready to assist homeowners and real estate professionals with their short sale concerns. Visit
www.ParamountTitleFL.com, or call 813-962-0548 to get started.
About Paramount Title Corporation
Paramount Title lends their expertise in resolving residential and commercial real estate concerns of homebuyers, lenders, mortgage companies, property owners, developers, and realty agents. They are located at 1502 West Fletcher Avenue, Suite 101 in Tampa, FL.
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