Wells Fargo/ASC short sale approval letter

If Wells/ASC authorize a junior lien to receive some money, will that amount and payee always be listed on the short sale approval letter or would it just be lumped in with other costs? It seems like the estimated HUD 1 would not be enough.

Thanks

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Permalink Reply by David Raab on March 24, 2016 at 9:42am

Thanks Brian, I guess I should have been more specific. I know of a transaction that the title company is paying about 5K to a junior lien holder, but there is nothing on the short sale letter specifically starting to pay the junior. They are just going off the HUD1. Is that more clear?

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