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Updated over 7 years ago on . Most recent reply

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Wali Hamani
  • Investor
  • Mays Landing, NJ
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sellerside only HUD 1

Wali Hamani
  • Investor
  • Mays Landing, NJ
Posted

If a seller may have a problem with me making a few dollars on a deal it could get unprofessional.   I would like to assure that this does not happen so I am thinking of using a Sellerside only hud-1  are you familiar with the process

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Greg Scott
#1 Legal & Legislation Contributor
  • Rental Property Investor
  • SE Michigan
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Greg Scott
#1 Legal & Legislation Contributor
  • Rental Property Investor
  • SE Michigan
Replied

I'm not familiar with this variant, but I do know that the HUD-1 form was discontinued a few years ago. All my closing docs now use a Closing Disclosure and ALTA statement. Are you sure this form is still in use?

If you don't want seller to see your wholesale fee you can always do a double close.

  • Greg Scott
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