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Updated over 17 years ago,

User Stats

31
Posts
3
Votes
Glenn C
  • Specialist
  • Mid-Michigan
3
Votes |
31
Posts

Net Sheet formula

Glenn C
  • Specialist
  • Mid-Michigan
Posted

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!

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