Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Short Sale? Easy Soft HUD Software to the Rescue!

By Ivon Lerdorf Subscribe to RSS | April 21st 2012 | Views:
loading
 
  



Options can be limited when a homeowner needs to get out from under a mortgage on a house that just won’t move.

One option is the short sale, an alternative to mortgage default and foreclosure, agreed upon by both the home owner and the mortgage lender. Any unpaid balance is a deficiency, which the lender could elect to forgive or the lender might covert into an unsecured, reduced rate loan.

When you represent a homeowner in a short sale, you are going to have to prepare the HUD-1 closing forms. The process begins with a preliminary HUD settlement statement, which is provided to the lender with the proposed closing figures. The content is no different than a third party sale, and will include transfer taxes, release fees, attorneys fees, and any other expenses.

Unlike preparing for a house closing to a third party where the sale price is already under contract, the short sale may involve multiple drafts of the HUD-1 closing forms. The proposed short sale to the lender might be rejected and go through several rounds of negotiations. Do you want to have to prepare HUD forms over and over without the ease and accuracy of using Easy Soft’s HUD software?

With Easy Soft’s software for HUD forms, you enter key data only once and the software completes all the calculations. For example, in the short sale, you can enter a proposed sale price for the property as well as a proposed closing date. All computations, down to the penny, can be pro rated over and again, and the only data you have to change is the price and/or the date. How’s that for easy HUD software?

As a companion to Easy Soft’s HUD software, try Easy Soft’s Real Estate Document software. You’ll receive more than 200 forms to help you with all of your real estate closings. When you purchase these two software programs, you’ll be using software packed with even the automated ability to compare the Good Faith Estimate with the HUD-1 and see alerts if estimates exceed a 10% tolerance.

It’s not a happy day for homeowners when they’re facing a short sale, but with Easy Soft’s HUD software, at least we can bring a smile to your face.

Ivon Lerdorf - About Author:
A comprehensive guide for law firms to understand, evaluate and select proper HUD-1 Settlement Statement, HUD forms and hud closing statement.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/short-sale-easy-soft-hud-software-to-the-rescue.htm

Related Business Articles Subscribe to RSS

Peru Amazon Tours in Tambo Blanquillo and Regions to Experience Near By
Published by Tracy Narvaez on August 25th 2012 | Business
On the way to the lodge from Cusco there is a cloud forest, various rainforest habitats and a small ...
 
Gardening and Outdoor Living Retailing in Emerging Markets: Market Guide to 2016
Published by Bharatbook on August 25th 2012 | Business
Bharatbook.com introduces a report Gardening and Outdoor Living Retailing in Emerging Markets: Mar...
 
Time to get the latest university news
Published by Gene Crayton on August 25th 2012 | Business
Education is a never-ending process. Each day you get to learn something new which may or may not be...
 
Voice over Agencies- Helping Hand for All Your Voice over Requirements
Published by Julia Roger on August 25th 2012 | Business
It is important that you choose a voice over agency that is reputed and is in the business for a con...
 
Use Outlook for Conference Room Scheduling
Published by Julia Roger on August 25th 2012 | Business
It is best to use different color codes for meetings in different conference rooms that will help in...
 
Use Outlook for Conference Room Scheduling
Published by Julia Roger on August 25th 2012 | Business
It is best to use different color codes for meetings in different conference rooms that will help in...