Starting Out
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated over 17 years ago,
Net Sheet formula
Hello
First post here after lurking in the shadows for a short time reading all the fantastic posts. Great site!
I'm currenty working on my 1st short sale. I'm putting together my package to send to the homeowners lender this week. I have it all together excpet for the HUD-1 numbers. After spinning my wheels I've decided to submit a simplier Net Sheet instead.
Only question is...I have plenty of them:
Sale Price: My PA offer?
Payoff to 1st lien: Total of ALL fees and late charges?
Payoff to 2nd lien: NONE - only 1 mortgage
Back Taxes: Where do I get this info?
State Tax Stamps: What %? Is this a State fee or County fee and where do I get the answer to put on my Net Sheet?
Title Closing Fee? ?
Title Ins Fee: ?
Recording Fee: ?
Realtor Commission: No listing agreement
Seller Concessions: None
Is there anything else I'm missing? I would really appreciate some answers to my blanks. I need to get this submitted ASAP as the Sheriff Sale is Aug 22nd.
Thank you for your time!