Do you Understand the HUD-1? Do you know how to Prepare a HUD-1?
So you take a short sale listing... you collect the documents and send the short sale package to the bank... the bank requests a HUD-1 in order to approve your short sale... you ask the Escrow company to prepare your HUD-1, but they won't prepare it until the escrow is opened... and escrow won't be opened until the bank approves your HUD-1! Sounds like a catch-22, right?
What's the solution? Learn to prepare your own HUD-1 forms and get in control of your transactions. Short Sale success depends upon many factors, and one of the most important is to prepare a HUD-1 correctly. The bad news is that 99% of Realtors® cannot prepare a HUD-1. We've been relying on the escrow company to prepare it. The good news is that we're going to teach you exactly how to prepare the HUD-1: quickly, accurately, and receive your full commission.
How do you justify, and receive, a higher commission? By becoming familiar with the HUD-1 and learning how to prepare it yourself! Take control of your transaction, put the ball back in your court, and "go to bat" for your clients. Your clients put a lot of trust in you, don't disappoint them! Educate yourself and become equipped with the latest tools to be a Top Producer and STAND OUT above the crowd of average agents.
RSVP for our next Lunch & Learn on Friday November 12th at Paradise Grille in Del Mar. The topic is: "Complete HUD-1's Correctly and Quickly for Short Sale Success" and we'll show you how to keep more of your commission. The lunch menu is exquisite, once again, and please accept our coupon for $5 off. Simply enter the Discount Code 5off in the "coupon" box.
- Register Here: http://lunch12nov.eventbrite.com (code = 5off)
Hurry while we still have seats left! This popular luncheon is filling up fast.
Today's Lunch & Learn Seminar will Cover:
- Purpose of the HUD-1
- Old version vs. New version (Sample)
- Understanding each line item of the HUD-1
- Closing cost Estimates you need in Advance
- Fighting for your full Commission
- Using an Excel template to prepare the HUD-1
- Techniques to get the 1st TD & 2nd TD to agree & approve your short sale
- NO surprises: Be prepared in advance
- HUD-1 vs. the title company's Settlement Closing Cost document
- FREE Excel template will be given to each participant!
You are invited, please RSVP at http://lunch12nov.eventbrite.com use the coupon code 5off to get $5 off!
RSVP now, as our last Lunch & Learn event was sold out! You don't want to miss this important event!
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