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Would You Prepare A HUD-1 Settlement Statement To Present To Your Short Seller's Lender??

Recently, I attended another short sale class (because we can NEVER learn enough about these lovely suckers) and was totally floored when the instructor handed out blank HUD-1 Settlement Statements, and began to "instruct" the class on how to complete them. I watched as a class full of Realtors who were fairly new to the world of short sales intently listened and filled out the form as instructed. I quietly listened to her (while making an attempt to not show the disguest and horror on my face) and allowed her to finish her "instruction". Afterwards, I asked, "why wouldn't you allow the closing attorney to complete it since they can also run checks to ascertain if there are any liens on the property?" Her reply was "you can as long as you can get an attorney to do one for you"....My mouth dropped open! Maybe Donaghue & Chandler in Newnan, GA have me spoiled, but I HONESTLY thought that preparing a preliminary HUD-1 Settlement Statement was the duty of the closing attorney.....AND I've NEVER been turned down for a request for one on any of my short sales. In fact, if I ever came across an attorney who refused to provide a preliminary HUD-1 Settlement Statement on a closing that's happening in their office, I would simply take my business elsewhere. PERIOD...Am I crazy or is this the norm???

Posted Wednesday Nov 17