Home › Forums › General › EHTrust/EHT Topics and Creative Real Estate Financing › Short Sale Lender wants to see HUD
This topic contains 2 replies, has 0 voices, and was last updated by homebuyadvantage 16 years, 3 months ago.
I am involved in a short sale that I plan to immediately quick turn to a retail buyer.
In this short sale that I just got approved, once the lender receives the certified funds, they need to review the HUD closing settlement statement, then they will release the mortgage.
1) I’ve read that the assignment of beneficial interest is a transfer of personalty (personal property) not a transfer of realty.
I am somewhat familiar with Brian’s situation allow me to clarify (rephrase what he was attempting to suggest in his post…
Brian has a Deal with the owner to short sale thi property to an END-Buyer (retail).
Brian wants to avoid seasoning issues by having Two (2) HUD-1s in order to accomplish the above deal.
I persume he was asking is there a way for him to use a Simple Trust
Derrick is correct.
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