I am working on my first short sale deal.
We got the approval, was instructed to upload a certified HUD-1 3 days before closing?
I wonder who will prepare this HUD-1. Does it need to include buyer's loan information, just like the final HUD-1 in a normal sale? Do both buyers and owners need to sign and certify the HUD-1? How to do the certification?
The buyer's bank has problem providing the numbers for the HUD-1 5 days before closing. Not sure how we can push the bank to provide such numbers.
Thanks for any of your help!
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It should be the closing attorney to prepare this prior to the closing. When you received the BofA Short Sale approval, it came with wiring & approval instructions. This should be provided to the closing attorney/settlement company. From there, they will prepare a HUD for final approval to BofA prior to closing. :)
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