Southwest Florida Title Insurance & Real Estate Blog -

Archive for May, 2011

Fort Myers title company helps ederly couple with Fifth Third Bank Short Sale

When the going gets tough the tough get it closed in 40 days!

Sometimes it may feel as though your short sale transaction is a life or death situation. Well, that’s how we were literally feeling in this particular Fifth Third Bank Short Sale. No pressure, right?

A very special senior citizen couple were dealing with their failing health on top of their short sale nightmare. Their need to move to a dependent living facility created the urgency and determination for this Fort Myers title company to excel at a rapid pace. Can you only imagine?

The Fifth Third Bank Short Sale approval only took 40 days from complete package submission! This included the time in which the file was reviewed for the Home Affordable Foreclosure Alternative Program…unfortunately, it did not qualify.

However, let’s focus on the positives – there are too many to ignore!

The final approved net to lender was $98,595.22! This was roughly 69.6% of the original loan amount of $141,650.

The realtor commissions were approved at 6% of the approved purchase price of $110,000.

We were all quite pleased with the fast results of the approval, however, the approval letter did not address Fifth Third Bank’s intent in regards to the deficiency rights. It is unclear if the couple will have any future liability for the deficiency amount.

Are you working on a Fifth Third Bank Short Sale that you would like to close? Contact us or call us at (239) 985-4142. We are a Fort Myers title company that services all of Southwest Florida including: Estero, Bonita Springs, Naples, Cape Coral, Lehigh Acres, Pine Island, Punta Gorda and Port Charlotte.


Beneficiaries of a Streamlined Short Sale Process

How do they make it look so easy?

The pros at Winged Foot Title have devised a streamlined Short Sale Process.

This process is essential to the success at Winged Foot Title. The streamlined short sale process enables closings to occur faster and with fewer problems in a variety of different scenarios and with many lenders.

Our Short Sale Process has led us to ultimate results such as:

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NOT LEGAL ADVICE: This information is not to be construed as legal advice. Legal advice must be tailored to the specific circumstances of each case. Every effort has been made to assure that this information is up-to-date as of the date of publication. It is not intended to be a full and exhaustive explanation of the law in any area. This information is not intended as legal advice and may not be used as legal advice. It should not be used to replace the advice of your own legal counsel.

Winged Foot Tite, LLC is not associated with the government, and our [short sale orchestration] service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.