A Preliminary HUD when listing a Short Sale Is a Good Idea. I usually have my title company do a preliminary HUD 1 when I list a short sale. Just reticently, I am representing a buyer on a short sale. The negotiation has gone on for almost 4 months. We finally got an approval. While we were doing our home inspection, loan final approval, and appraisal, the listing agent calls and informs me that there is an additional $10,000 lien on the property and he now has to negotiate that. My client is now spending money, and this closing isn't for sure. I believe that the agent will get it negotiated, but all of this could have been avoided at the last minute with a pre HUD.
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