After originally experiencing scheduled closings to be halted for a few days, Brosda & Bentley Realtors of Miami in conjunction with its title company and attorneys reexamined all files scheduled for closing and found no flaws in the underlying documentation. Closings of short sale and pre-foreclosure properties continued fairly rapidly at the Sunny Isles Beach company to the benefit of both, the homeowner who had fallen behind in home mortgage payments and the purchaser receiving a great deal.
Katerina Brosda, President and CEO of Brosda & Bentley Realtors stated that short sale transaction are negotiated between three parties and buyers should have no concerns proceeding with the purchase of a short sale. “REO sales should be thoroughly researched to make sure that the lender has secured a clear title for the property – and for all transactions, title insurance should be obtained anyhow,” Brosda continued. She further recommended to stay away from courthouse foreclosure auction sales for a while, until there is more clarity on the widespread documentary concerns.