Short Sale Preliminary HUD Statement

An integral document in the short sale package is the Short Sale HUD. In fact this document is so important that you can be assured that without it being correctly calculated, you will not have a chance of seeing any of your short sales approved.

It is the most important document in any short sale package. It is often referred to as a Net sheet. Why? Simple, because this document tells the bank what they are going to be netting…receiving, at closing. It also tells them where all of the other funds are going as well. You had better be spot on with this document as there is no room to err.