Net Closing Statement
Do you need a net closing statement on every short sale package submitted, the person at loss mitigation told me that only realtors are required to provide one.
Lender is Wells Fargo / ASC anyone know about this.
I've never been involved with an application for a proposed preforeclosure short sale without the mortgagee requesting that an estimated HUD1, or a Seller's Net be included and made part of the application/proposal.
Real estate brokers or their agents have no particular expertice in their preparation.
Thanks for the reply shortsalepro, that was my understanding of the short sale procedure, the person I spoke with at the bank was not a very helpful or pleasant man, so that may have something to do with this, also he may not really know what he is talking about. Thanks for the help.