Deed Questions.....
Hello there everybody. I'm a newbie, trying to learn the ropes with short sales. For those of you who have been successful in this process, I was wondering if you could clear some of the cob webs from my thinking....
From what I've heard from folks such as Ron LeGrand and Jeff Kaller, it is imperative that you have a prospective client sign over the deed before you commit to working with them in the short sale process. If I'm understanding this correctly, this simply gives you control. HOW DOES THIS GIVE YOU CONTROL? WHAT'S TO KEEP THE SELLER FROM COMING BACK THE FOLLOWING DAY AFTER THE DEED HAS BEEN SIGNED OVER TO YOU, AND RENIGING ON THE DEAL?
I am not understanding this at all.... Any help on this would be greatly appreciated.....
Thanks!
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