Replies to This Discussion

Permalink Reply by Stephanie Hart CA 310-930-2342 on September 11, 2012 at 8:11am

The last I closed had written HUD approval. It's been a while though.

Permalink Reply by Steven Angelil on September 11, 2012 at 8:14am

You might want to call me Captain Obvious, but have you asked if someone from GreenTree could simply reply to the email containing the HUD with something like "I approve this HUD".?

Permalink Reply by Michelle Ridley on September 11, 2012 at 8:46am

Thats what I have done. Hasnt worked so far. I ll keep on it.

Permalink Reply by Carmine R Biello Jr on September 11, 2012 at 8:15am

Hi Michelle,

 

Have GT negotiator email you that Hud is Approved. They should even provide you with a stamped copy but they are not consistent with this. If you need additional assistance with them, contact me. Thanks and best of luck!

Carmine

 

Permalink Reply by Michelle Ridley on September 11, 2012 at 8:47am

Thanks Carmine, I have tried that, I will let you know how it works out.

Permalink Reply by Stephanie Hart CA 310-930-2342 on September 11, 2012 at 8:18am

Yeah that's basically all I got...I've never had a stamped HUD;)

Permalink Reply by Michelle Ridley on September 11, 2012 at 8:48am

Thanks Stephanie.

Permalink Reply by Michelle Ridley on September 11, 2012 at 10:21am

The closing officer said that it is not CA law as they never give written approval in CA, but it is a title company issue, anyone heard of whether or not written HUD approval is CA law?

Thanks,

Michelle

 

Permalink Reply by Stephanie Hart CA 310-930-2342 on September 11, 2012 at 10:35am

My escrow requires it... I think it's where everyone wants to cover themselves. I am going to go look in my file and see if I saved my HUD approval.

Permalink Reply by Stephanie Hart CA 310-930-2342 on September 11, 2012 at 10:39am

I actually think it might have been by fax...so it isn't in my comp file.

Permalink Reply by Michelle Ridley on September 11, 2012 at 10:46am

Brilliant, thanks for your help.

Permalink Reply by Bryant Tutas on September 11, 2012 at 2:50pm

It's my understanding that GT does not approve HUDs. They have a disclosure right at the bottom of their approval letters stating t they do not dictate how the HUD is prepared.

I'm not in CA but I would be shocked if their were a law that stated the short sale lender had to approve a HUD. Much less approve it in writing. This must be an escrow company issue.

I just recently closed on a GT short sale without HUD approval. It was closed by First American Title.