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Hi Amy, be very careful with this one ... If you would like to counter I would seek to have that conversation with your assigned negotiator and MAKE SURE that he/she is clear on your intention and that the Buyer is still committed (email, call). It may take longer to get this accomplished (b/c you really should give the BOA negotiator a heads up ... which probably means waiting for that person to call you) but it is better than the alternative ... I've had the experience of NOT being able to input numbers in order to counter the bank and I mistakenly REJECTED the BOA counter - do not do this. If you do they will likely kick you out of Equator and force you and the Seller(s) to re-initiate the sale from the beginning. A new negotiator will be assigned, etc .... and the clock is re-set. FYI .. include these costs Doc Prep, Wire Fees, etc. into closing costs - you are not likely going to get approval for individual line items like these, as long as closing costs do not exceed 3% (and the NET still works for the Investor) you will get them approved quicker as a lump sum. Good Luck.
Hi Amy. Only input the seller fees. And be sure to enter all of them. Some may need to be added under "additoinal fees"
oh, the fields are below. So, I should put 0 for Buyer Closing Cost Credit (as the buyer didn't ask for any), and put all the seller's fees in HUD-1 into the fields followed? I really don't want to mess up. Thanks!
Buyer Closing Cost Credit
Settlement Fee
Doc Prep
Title Insurance
Courier
Overnight Fee
Wire Fee
Re-conveyance Fee
Recording Fee
County Transfer Tax
Non-compliance Fee
HOA Transfer Fee
Home Warranty Amount
Repairs Description Agent Must input all fees from Hud1 before negotiations can proceed Agent Must input all fees from Hud1 before negotiations can proceed Agent Must input all fees from Hud1 before negotiations can proceed
Repairs Amount
Transfer Fees Amount
Inspection Period (Days)
Other Expense Description 1 Agent Must input all fees from Hud1 before negotiations can proceed Agent Must input all fees from Hud1 before negotiations can proceed Agent Must input all fees from Hud1 before negotiations can proceed
Other Expense Amount 1
1st Lien Per Diem Amount
2nd Lien Per Diem Amount
FHA/VA Allowable Costs
Other Expense Description 2 Agent Must input all fees from Hud1 before negotiations can proceed Agent Must input all fees from Hud1 before negotiations can proceed Agent Must input all fees from Hud1 before negotiations can proceed
Other Expense Amount 2
Comments 2 Agent Must input all fees from Hud1 before negotiations can proceed Agent Must input all fees from Hud1 before negotiations can proceed Agent Must input all fees from Hud1 before negotiations can proceed
Commission Percent
Commission Amount
1st Lien Release Amount
2nd Lien Release Amount
Other Lien(s) Release Amount
Other Settlement Costs
Bryant Tutas said:Hi Amy. Only input the seller fees. And be sure to enter all of them. Some may need to be added under "additoinal fees"
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