HUD 1

[kayla]

Does HUD1 has to be done at the title company?

[Deal Hunter]

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?

[kayla]

This is my firs time, and I’m making a short sale package, HUD 1 is required, what if  I never make it through  the closing?

Thank you for your advice

[cruzvarian]

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.