Short Sales & Foreclosures


Our team here at Marina Title is entirely comprised of skilled, expert real estate professionals, each of whom is endowed with a wealth of experience all manner of facets of the real estate industry in the State of Florida. We are seasoned veterans of the foreclosure and short sales processes. Our in-depth knowledge and dedication to accuracy and integrity allow us to assure our clients that we always employ the highest level of care in undertaking such delicate procedures.

An intimate familiarity with the complex judicial foreclosure process inherent in the State of Florida grants us the confidence to insure foreclosure and bank-owned (also called “real estate owned,” or REO) transactions. At Marina Title, we work with our clients to guide them through every step along the path to bringing about the most satisfying conclusion to the property transaction.

Contrasting Short Sales with Foreclosures

Foreclosure is an expensive process for both lender and borrower. The bank incurs sizeable fees, and the credit rating of homeowner typically will be severely damaged in the aftermath. An alternative to foreclosure proceedings and bankruptcy, the short sale is a type of real estate transaction in which the sum exchanged ultimately falls short of the remaining balance owed on the loan. In some cases, the lender may decide that selling the property in question at a loss would be preferable to the drastic course of action that is foreclosure. If so, borrower and lender provide consent and begin the short sale process. Note that this agreement by no means necessarily absolves the borrower from the obligation of paying the outstanding balance of the loan, the remainder of which is known as “the deficiency.”

The terms of a foreclosure are entirely dictated by the lender. In the case of a short sale, however, both lender and borrow agree. Due to the voluntary nature of such transactions, either party may at any time withdraw consent and cancel the short sale. A borrower may cause the breakdown of this process by refusing to provide proper financial documentation or cash contributions as dictated by the lender, or by deciding to remain in the home and attempting to modify the mortgage loan or refinance. Lenders, on the other hand, may refuse to approve or even evaluate an offer of short sale for any of several reasons, including the perception of the buyer’s offer as being far too low and high closing costs which siphon away expected profits beyond tenability.

How Marina Title Can Help

Due to the fact that foreclosure and short sale procedures vary greatly from state to state, Marina Title is the most valuable resource available to you for the purpose of completing your property transaction in the most satisfactory manner possible. There are many aspects that can hamper smooth and successful closing, such as individual financial institution or investor strictures, the aggregation and review of the borrower’s financial situation, the affixation of mortgage insurance to the loan and number of lien holders, to name a few.

Our team at Marina Title proudly offers a suite of the most innovative and advanced industry-leading products. Each and every one of our clients is provided with the foremost online tools to streamline their closing process. With us representing your interests and protecting your rights, no avenue in the short sale or foreclosure processes will be closed to you. We strive to ensure the highest quality of care is given to our clients and that each and every one of their needs is met and their expectations exceeded. For more information concerning the services we provide and how these can benefit you, call us today at (305) 901-5628 email us at or use the buttons below.

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