Final HUD And Contract
Is it necessary to have the seller sign the final HUD1 statement and a new sales contract once negotiations are complete with the lender and you are having the title company send the certified funds to pay off?
Is there a way around this? I would think they will not be too happy seeing your "potential" profit from the lowered payoff amount.
Would having a limited power of attny from them and you signing the final HUD and a new final contract work? What issues might that present?
Thanks!
This gets hairy sometimes and from my experience every title co. is different. I would be talking to someone at the title co. and make sure the deal is closable. If not, they should advise what needs to be done to make it work. This is much easier if you have a professional relationship with someone there.