I Hope The Last Short Sale Question
is there a visible difference between an estimated hud1 and a final hud 1 other than the entries that are made i need to present a estimated hud 1 for a short sale buy thank you each and everyone for any help
An estimated HUD1 shows the projected closing costs if you purchase the property for the short payoff amount. The final HUD1 shows the actual closing costs when you go to the closing table to sign the papers. Pretty much, the lender wants to see how much they are going to net from the deal and to make sure that the seller gets ZERO. A title company can help you with this if you need an estimated HUD 1 to submit with your short sale request.
Tanya
Hi,
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We use it for all huds for our short sales.
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Hope this info is helpful.
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