I'm working on a short sale that I will be reinstating and taking the 1st mortgage Subject-to and shorting the 2nd. My question is, since I am paying cash for the settlement amount with the 2nd, do I need to close this through a title company or can I just send the funds the the 2nd lender and take care of the recording of documents (warranty deed, etc.) myself?
I've already done a title search and the property is fine, but I'm running on a deadline to get the funds to the 2nd and if I close with a title company it will take too long.
Appreciate any help.