Hello, Can anyone help? I'm stuck!!! I have just finish a short sale and is ready to close. When I started this deal I thought that I would be using my assignment of contract for but, I not sure how to close at this point to insure that I will get paid, because the end buyers are funding this with a conventional loan and there might be a problem with there bank not releasing the funds because of the assignment of contract.

I looked around the web and found some good ideas but not sure if it will work. One person said that I could have the closing company add my fee in the "Title Charges area of the HUD statement (in the 1100 section) add a line that says Clear Title and your company name (other than the company doing the negotation - perhaps a sub company of yours). If they question it just let them know that this was the fee to clear the title. Most likely it will not even be questioned and will be paid."

When I spoke with my title company they suggested that I put it on the buyers side of the hud on the 507 or 508 section. But after talking further with her i'm not sure she knows what she is talking about. Has anyone ever closed and got paid use this method for securing your interests in the property.

Any input would help thanks