I came across an article by Lora Shinn entitled “5 Buyer Mistakes in a Short Sale.” Number 3 on Shinn’s list is “ignoring legal and insurance information.” Although I agree with the author’s list, the list focuses more on the physical attributes of a short sale property than legal issues (specifically title issues) that are often overlooked until they become a problem — either just before closing when such problems can cause further delay, or worse yet, after closing when they can become a legal and financial nightmare. I would like to expand on the buyer’s mistake of “ignoring legal information” while being blinded by the seemingly “good deal” they are getting.Continue Reading Short Sales and Judgment Liens: Unforeseen Issues