Anyone have any advice on how to do a HUD-1 on a house I’m buying Sub-2 so the seller can go get their new loan? Thanks! Kristi :roll:
Kristi,
Go to www.hudclips.org and get the fillable HUD1. Fill it out with the info just as if you had bought the house in a regular closing.
Purchase price (mortgages taken subject to) along with any out of pocket. Show the proceeds (if any) that the seller received.