Author |
Hud-1/Settlement Statement |
keedaah
57 Posts
Member Since: 05/23/2003
City, St
 Join keedaah's Network
What's My Favorites Network? |
Posted: 13:57 on 02-12-2004
Does anyone know how to do a Hud-1/Settlement Statement? What information do I need to include for the bank?
Profile of keedaah
 Edit/Delete Post
 Quote this Post
 Report this post
|
rickpozos
197 Posts
Member Since: 01/08/2003
San Antonio, TX
Join rickpozos's Network
What's My Favorites Network? |
Posted: 14:18 on 02-12-2004
Bank needs to know what they will NET. Include anything that they will have to pay, the rest you will.
Profile of rickpozos
Edit/Delete Post
Quote this Post
 rickpozos's Group
Report this post
|
VinceH
38 Posts
Member Since: 10/22/2003
Beachwood, OH
Join VinceH's Network
What's My Favorites Network? |
Posted: 14:36 on 02-12-2004
Are you working with a lender for your funding? They should be able to provide you with HUD 1 statement.
Profile of VinceH
Edit/Delete Post
Quote this Post
Report this post
|
edmeyer
1348 Posts
Member Since: 09/18/2003
Morgan Hill, CA
Join edmeyer's Network
What's My Favorites Network? |
Posted: 14:46 on 02-12-2004
You might also get a blank HUD-1 from a title company. This will give you the information you need.
Profile of edmeyer
Edit/Delete Post
Quote this Post
Report this post
|
Rachelle
20 Posts
Member Since: 10/09/2003
Northbrook, IL
Join Rachelle's Network
What's My Favorites Network? |
Posted: 16:41 on 02-12-2004
There is also a website called EasyHUD. You pay $20/mth and the website does them for you. You just plug in all the numbers and it emails you a filled out HUD-1 statement. There is also other info on the site like a short sale message board and links, etc.
Profile of Rachelle
Edit/Delete Post
Quote this Post
Report this post
|
patricc68
166 Posts
Member Since: 06/13/2003
Lafayette, LA
Join patricc68's Network
What's My Favorites Network? |
Posted: 20:42 on 02-12-2004
i agree with rachelle, www.easyhud.com gets a hud-1 out quick..the lender basically only wants to know what they will net, so alot of whats on the estimated hud-1 is not relavent to the lender but the bottom line..alot of good info is also available from the site as well..good luck..
regards-pat
Profile of patricc68
Edit/Delete Post
Quote this Post
patricc68's Group
Report this post
|
posherov
55 Posts
Member Since: 01/25/2004
Indianapolis, IN
Join posherov's Network
What's My Favorites Network? |
Posted: 10:15 on 02-14-2004
Also, if you are doing a cash deal and are using a title company for the closing, you can have them work directly with the bank to provide a net sheet. The title comapny will need a release from the seller, a contract and contact information for the person you're working with at the bank.
Good luck!
Profile of posherov
Edit/Delete Post
Quote this Post
Report this post
|
jfmlv1950
848 Posts
Member Since: 02/26/2002
Las Vegas, NV
Join jfmlv1950's Network
What's My Favorites Network? |
Posted: 12:01 on 02-14-2004
Here are a couple more HUD 1 sources:
http://www.thecreativeinvestor.com/modules.php?name=Downloads&d_op=viewdownload&cid=2
http://www.hudclips.org/sub_nonhud/html/pdfforms/1.pdf
http://170.97.67.13/offices/hsg/sfh/res/resappa.cfm
John (LV)
Profile of jfmlv1950
Edit/Delete Post
Quote this Post
Report this post
|
