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sherry.zertu…, Other/Just Looking in Islip, NY

on all cash purchase in california is a HUD1 required?

Asked by sherry.zertuche, Islip, NY Mon May 13, 2013

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4
Yes, and make sure you keep it on file.
0 votes Thank Flag Link Tue May 14, 2013
Consult with your attorney; also see link for possible helpful information...
http://www.hud.gov/offices/hsg/ramh/res/resindus.cfm
0 votes Thank Flag Link Mon May 13, 2013
Yes. A HUD1 is required on every single real estate transaction.
0 votes Thank Flag Link Mon May 13, 2013
A HUD1 is a FEDERALLY required document, which shows a lot more than APR.
0 votes Thank Flag Link Mon May 13, 2013
Yes we do know that, but we have a buyer who is paying all cash and is insisting on a HUD and from what we have been told, you don't issue HUDs on all cash purchase and I can't find where I can prove this info to the buyers...do you have insight?
Flag Mon May 13, 2013
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