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February 03, 2023, 04:36:28 am
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Author Topic: HUD 1  (Read 1341 times)

Offline kayla

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HUD 1
« on: February 20, 2008, 06:37:19 am »
Does HUD1 has to be done at the title company?

Offline Deal Hunter

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Re: HUD 1
« Reply #1 on: February 20, 2008, 04:30:43 pm »
No, you can do it yourself, but why?  Title does all that work for free (in exchange for the title insurance they sell for the property).  Plus, your HUD-1 should be as precise as possible and title has easier access to payoff demands, property tax amounts, etc.

Is there a specific reason that you don't want to use title to produce the HUD-1?
The Short Sale & Foreclosure Expert
http://RealEstateDealHunters.com

Offline kayla

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Re: HUD 1
« Reply #2 on: February 20, 2008, 05:52:27 pm »
This is my firs time, and Iím making a short sale package, HUD 1 is required, what if  I never make it through  the closing?

Thank you for your advice

Offline cruzvarian

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Re: HUD 1
« Reply #3 on: February 20, 2008, 09:25:33 pm »
Are you working with an Escrow company or closing attorney, (depending on your state).  This is who needs to prepare the HUD for you. 

I would suggest have your operation completely set up before you jump into the deep end on these short sales.  You'll set yourself up for failure.   Been there done that.   :banghead

 




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