We've been in the process of buying a short sale for quite some time. There has been many delays, and much frustration. Everyone has their stuff done, except for the seller's bank.
Recently, the bank that owns the house has asked for a HUD. We are being told that it is basically a list of closing costs, and that this is a good thing. We're paying for all the closing costs, and we knew about this ahead of time, so the bank isn't going to have to put any money forward for us.
My question is: Is there any way this HUD document could be a bad thing? Or is this finally the home stretch? And also, how long does it take for them to close once they do have the HUD?
Read more: Can this shortsale still fall through?
