Foreclosure Services
Pre-Foreclosure and REO (Real Estate Owned) transactions generally come with their own unique and often difficult set of issues. Fortuna Title has extensive experience servicing for this highly specialized niche. Over the years, we’ve expertly handled and insured countless Foreclosures and Short Sales. Sheriff Sales and REOs (Bank owned properties) can be very tricky and risky.
Our company’s staff has extensive experience in reviewing county and chancery searches to assure that the property in question has been foreclosure correctly and that all junior liens have been cutoff. Contrary to the belief, a foreclosure does not automatically provide clear title. We’ve encountered real life scenarios where people have won auction properties subject to secondary liens and judgments.
Our pre-foreclosure preliminary reports of title help short sales negotiators know what liens affect properties before they start their lender negotiations. Our team also works very closely with Short Sale Lenders and Negotiators to prepare HUD-1s and Closing Disclosures for lender approval.
