Monday, November 17, 2008

Changes to Short Sale Processing Unit

We are happy to announce a change in our Short Sale Processing Unit's handling of short sale transactions. Effective Monday November 24, 2008, the current fee of $195 plus $100 upon closing will no longer be charged to process your Short Sale transaction, provided we are the designated settlement agent for buyers and sellers.

We will cease processing transactions where we only represent sellers and buyers settle with another settlement company. This will permit us to better serve you by allowing us to dedicate our resources where they are truly needed.

We will be provide future updates outlining the tasks associated with processing a short sale but very little has changed in terms of the mechanical side of processing. This change will not affect any files that are in progress nor any files we open between now and the end of this week.

If you have any questions, please feel free to contact Harry Yazbek or Penny Ross.

Mid-Atlantic Settlement Services
11350 McCormick Road Executive Plaza III, Suite 200
Hunt Valley, MD 21031
(800) 530-9372
Fax (800) 710-9918