Although I’ve done a few hud-1’s but I’m still not sure if I’m showing some figures correctly. In particular I am wondering about lines 504 and 505. These deal with 1st and 2nd loan payoff.
When dealing with the 2nd mortgage, on the line for 1st loan payoff (505) should you put the amount you are offering, actual payoff amount for 1st or leave it blank.
I have one of my hud-1’s on .xls format and would like for those who know about short sale hud-1’s to give me some feedback. I do not have a website I can post to but if you PM me I can send the file to your email to look over and give me some advice.