To say disclosures, we might also say covenants or understandings that due to past experiences have become issues in settlement.

Might also want to cosider a Assignment of Rents agreement signed by the borrower at settlement.

Attorney wants specific language in the "Settlement to be on _____________" to state "within 30 days of lender and seller approval of short sale".

All you will have to pay at the settlement table are closing costs.If the property is generating a positive cash flow, you may want to explore this option before putting the property on the market.

Then the mediator asked for the loss mitigation specialist (who was on the phone - the company's lawyer was in the room with us) what her other options were.He proceeded to say if the loan mod did not qualify her for any reason she could do a repayment plan, settlement, short sale, deed in lieu of...those were all options.Then the LAWYER spoke up and said....and she can short sale re-fi.

The closing agent will require you to sign the note and deed of trust and the seller will execute a general warranty deed, the closer will explain the deeds and related documents at settlement.

Also during that time we had a condo in myrtle beach that had lost over half it's value so to speed the divorce up we did a deed in lieu of foreclosure.As my financial settlement My then wife refinanced the house and paid me $100,000 which I used to buy 2 short sale properties which I fixed up and have since rented out .

The pertinent information should be right on the HUD-1 form (the "settlement statement" that's provided to you at the closing table) and on the tax documents the lender sends to you each year...For the points paid, you'd want the HUD-1 from the purchase...For the interest paid, the lender should send you a 1098 at the end of each year which indicates the interest you paid in the previous year...

Generally the owner should move out before settlement.

The settlement is for 2 million.