What is a HUD-1 used for.........

When making a Short sale offer to the lender. Also, is the
information needed on the HUD-1 readily available? Thank
you in advance.

The HUD-1 shows the bank how much they’ll net. It also shows them that the HO is not getting any proceeds from the sale of the property. Thats just the most basics of the HUD-1 / Net Sheet