Short Sale Hud-1 Question

[Tribe]

I am working on a short sale that has two liens on it. The first lien holder wants me to provide them with a Hud-1 settlement statement. On that statement, I’m assuming I should put what the 2nd lien holder will be getting as part of the transaction. Is this correct?

I just wasn’t sure whether I should put it on there because the 1st lien holder could then see that I’m trying to take money away from them to settle the 2nd lienholders claim.

[REO11]

@Tribe

I am working on a short sale that has two liens on it. The first lien holder wants me to provide them with a Hud-1 settlement statement. On that statement, I’m assuming I should put what the 2nd lien holder will be getting as part of the transaction. Is this correct?

YES!

[flipper4225]

There gonna see it any way. Don’t worry there’s nothing to hide. Your offer to the 2nd should be but 10-15% of what is owed. Also you mite ask the 1st if they have a limit on what you can pay the 2nd.
good luck