Can Someone Please Explain........

Exactly what escrow is and how it falls into the wholesale technique? and also what is a HUD?

Comments(2)

  • JeffAdams10th September, 2004

    Escrow is the company that simply processes the paperwork when someone sells their house..

    A HUD-1 is the document that shows the exact details of the transaction. When you sell your house, the escrow company will give you a HUD-1 to show all the details of the transaction.

    In terms of wholesaling and the HUD-1, some investors show the wholesale fee on the HUD-1 and some don't.


    Best Regards,
    Jeff Adam
    [addsig]

  • hunni2510th September, 2004

    Thank You Jeff

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