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Rocklin Short Sale Company | Mark Peek | The HUD-1 is Important in Rocklin Short Sales

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Real Estate Agent with Roseville Rocklin Real Estate - Keller Williams 01489482

Rocklin Short Sale Company – A Rocklin Short Sale Specialist must fully understand the HUD-1. The HUD-1 is a report regulated by HUD (The Department of Housing & Urban Development). A HUD-1 breaks down all the projected closing costs so the lender can see what they will net. Rocklin Short Sale Company | Mark Peek | The HUD-1 is Important in Rocklin Short Sales

Most agents are familiar with a HUD-1. They see them at the closing of every home they sell. But, seeing a HUD-1 within the Rocklin Short Sale Process is much different  than seeing it during a traditional closing.

If the agent and the escrow officer incorrectly input information that helps create the HUD-1, then it puts the short sale transaction in jeopardy.  If unexpected costs get added to the HUD-1, then that net goes down. (There are always unexpected costs on a short sale). If unexpected costs are not accounted for, it could potentially delay the process an additional 60-90 days.

If a buyer has already waited 60-90 days, they will not be willing to wait any longer and will likely cancel the contract. Now, the agent has to re-market the home and start the process all over again.

This is what causes many agents to hate Rocklin Short Sales.  As a result, they think short sales are a waste of time.

To truly be successful at Rocklin Short Sales, the agent must understand the HUD-1s inside and out. They need to make sure that every single projected expense is added to the HUD-1 at the beginning of the negotiations. The lender will look at a projected HUD-1 and agree to accept a minimum net.

Thinking about a short sale?

I can help you short sale your property and never pay the bank another penny. Send me an e-mail at mdpeek@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (916) 580-6084

Thanks for reading this,

Mark Peek

Mark is a Short Sale Consultant at Keller Williams Realty.  Rocklin Short Sale Company:

Phone: (916) 580-6084. mdpeek@gmail.com.

"Know Your Options"

View My homes for sale at www.CallPeek.com.

Mark Peek specializes in short sales in Rocklin CA and surrounding areas including Roseville, Lincoln, Folsom, El Dorado Hills, Citrus Heights, Granite Bay, Sacramento, and more. Rocklin Short Sale Agent. Rocklin Real Estate. Rocklin Short Sale Company.

This information is provided as a courtesy to our viewers to help them make informed decisions on Rocklin Short Sale Company.


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