Comments on: Select The Right Closing Attorney or Escrow

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By: Tim Burrell

Tim Burrell — Thu, 01 Oct 2009 20:36:21 +0000

At the closing, the closing attorney will have all parties sign the closing statements. However, long before closing you need them to prepare a draft HUD that you can submit to the lender who is reviewing the request for a short payment. Then, before closing the short pay lender will require that they review and approve the final HUD. So, there is a lot of work to do before closing, at which the parties sign the final HUD, but only after review and approval by the lender getting the short payment. I hope that helps.

By: Terri

Terri — Thu, 01 Oct 2009 18:16:10 +0000

isn’t it the attorney’s or title companies responsibility to get both parties to sign the HUD statement?