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Updated almost 10 years ago on . Most recent reply
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Quick question on closings
My business partner and I are on the verge of getting our deal done. We have a buyer lined up and just need to get the contract signed before we start with the closing. We don't want to the seller to know how much was made off the deal but we know the buyer and don't mind them knowing.
I was wondering is a "Blind HUD" or "Seller Only HUD" a viable alternative to doing a double closing for shielding the amount made on the deal? From what I heard, they are usually done in commercial transactions but can be used in residential as well. If that option is a no go then could we have our buyer pay our assignment fee in a separate escrow to be executed upon completion of the closing so that it won't show up on the final settlement form?