I was lucky enough to close on a HUD property last Friday! The buyers got a really great deal on their new home and will be getting an $8,000 check back from the IRS for the Home Buyer Tax Credit.

The closing however, was a fiasco!!! I now have in my possession 4 different signed HUD-1's? All signed after the closing on Friday. And the one that's signed by all parties???....you guessed it, Not the final! I don't believe any of this delay was on HUDS part; I believe it is the HUD state attorney and the local title company THEY chose to handle the closing on their behalf.

It is crazy!

But this morning I got the call that the checks are in and oh by the way could you have the buyers sign this new HUD-1 Settlement statement and just fax it back to us for our file? Of course this one does not have the Sellers signature on it. Doesn't make sense to me and the bank that funded the loan doesn't get it either.

Have you ever had to wait this long after a closing to get the commission check? I believe in my 20 years, this is the longest delay for commission on a DRY CLOSING!

 Have a Real Estate Need in Central Louisiana?

Call Paige Walker or Text it to Me:  318-308-2121

If you are looking to buy or sell a home in Pineville or Alexandria Louisiana it would be my pleasure to assist you!

Paige Walker Alexandria Pineville Real Estate Guru

Paige Walker at www.PaigeWalker.com


CENTURY 21 Millennium, Pineville, LA USA  318-640-2121 (office) or 318-308-2121 (cell)

Each Office is Independently Owned and Operated

Paige Walker is a licensed Real Estate Broker in the State of Louisiana USA



Paige Walker, Broker and Owner of Century 21 Millennium, Pineville, LA

 
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3 Comments on The check is HERE! Finally received commission 5 days after closing on a HUD property!

APR
28
2010

Wow Paige, well every transaction is different, but glad you stuck by your guns, you seem very positive, keep it up, make it a great day.
2:08pm • #1
535,983 Points 71 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

This title company takes a little longer, but they do quality work.
2:20pm • #2
196,286 Points 9 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Cheryl and David - You are correct, they are all different - Thanks for your feedback! And that's a great picture with the two of you!

Doug - LOL
6:10pm • #3


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