not only will they want to see the hud before granting you a letter accepting the shortpayoff. But, they will want to see the final hud from the title company. They will not accept the funds without a hud, I am sure.
Get your title company invloved. Let them know what the situation is with the shortsale and ask them to prepare a closing subject to. You will have to pay for closing costs but it will get the deal done.
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Market the day after the BPO. I have a short sell addendeum that is part of my purchase and sale contract to the prospective buyers.
Stockpro,
Thanks for the quick reply. Is there any way out of this you think? or is the deal pretty much dead, in your opinion?
Thanks
mvm
not only will they want to see the hud before granting you a letter accepting the shortpayoff. But, they will want to see the final hud from the title company. They will not accept the funds without a hud, I am sure.
Get your title company invloved. Let them know what the situation is with the shortsale and ask them to prepare a closing subject to. You will have to pay for closing costs but it will get the deal done.