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Padding a Short Sale Hud1

March 8th, 2011

 

On this week’s PreforeclosureDailyGrind.com’s “Tip of the Week” we uncover why it is an absolute must to add extra fees and costs on your negotiating HUD1 Settlement Statement! This is extremely important especially since short sales can take an awfully long time to complete, which leaves more opportunities for extra costs and liens to both accrue and pop up at the last minute! Listen in as we cover this fact and also the new closing process requirements on the Equator System that must be followed or they will close your file, an important fact about the difference between HFC (Household Finance Corporation) judgment liens vs. HFC mortgage loans and how they approach reviewing a short payoff. Whether or not HFC will settle their debt in full, how end buyers’ lenders are now requiring inspection reports, the newest and most profitable short sale niche to get into and why, and more.
Video Rating: 5 / 5

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