Southwest Florida Title Insurance & Real Estate Blog -

To make matters even more confusing for you, on top of all the paperwork and addenda you have to deal with in a short sale…

This is the 11th step in our series: “12 Things You Should Know to Survive a Short Sale.”

…you must also be mindful of where you’re standing while it’s happening.

Believe it or not, where the seller is domiciled makes a significant difference in the extent of their post-short sale foreclosure liability (or at least makes a difference in the effectiveness of the lender’s judgment on the seller).

Now you ask, “What is domicile?”

In law, domicile is the status of permanent residency in a particular jurisdiction. Traditionally, many common law jurisdictions considered a person’s domicile to be a determinative factor in the conflict of laws, meaning that where one’s domiciled affects the laws at hand.

Accordingly, it is especially important for the successful real estate professional to be aware of the issues related to domicile and to ensure that their potential client is at least aware of those issues as well.

The alternative to ignoring domicile is working your tail off chasing short sales approval only to find out that your seller can not agree to its terms on account of where they are domiciled.

These short sale things just seem to get more layered and complex. The “short sale nerds” at Winged Foot Title, are making this process doable for you.

Take for example, this Citibank short sale approval letter, which closed 03/17/2010. The short sale approval came approximately 67 days from the date of short sale package submission.

The original loan amount was for 228k and lender accepted 81k with a commission of 6% to real estate agents.

12 Things You Should Know to Survive a Short Sale” is a FREE eBook that is available for immediate download at

If you have any real estate or short sales questions – please don’t hesitate to contact us, or call us at (239) 985-4142. We service all of Southwest Florida including: Fort Myers Estero, Bonita Springs, Naples, Cape Coral, Pine Island, Punta Gorda, and Port Charlotte.

– Chris

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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.