Regina P. Brown's Blog (1)

How to Calculate Past Due Property Taxes for the HUD-1

"Why would we want to find the tax assessor records for a property?" you may ask. ANSWER: To prepare the HUD-1 before sending it to the short-sale lender. For example, a homeowner may be 2 years past due on their property taxes, but you fail to list the past-due taxes on the HUD-1. Then the short-sale lender approves the HUD-1 as WRITTEN. So you go to escrow, the title company runs a preliminary title report (AKA "prelim") and you find out that…

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Added by Regina P. Brown on May 8, 2010 at 10:30am — No Comments

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Regina P. Brown's Blog (1)

How to Calculate Past Due Property Taxes for the HUD-1

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