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Tag: alternatives

Alternatives To Buying A House (3)

We went back to the seller with the results and asked them to fix each thing that was found. HUD-1 settlement statement: This details the cash flows among the buyer, seller, lender, and other parties to the transaction. This part of the transaction can have two possible timelines, one for a cash purchase and one for a financed transaction. Well anyway, the first house wasn’t too bad, a cute two bed, two bath with hardwood floors and two stories, but the current renter / tenant was a smoker and the place stunk like an ashtray soaked in warm beer. This house is in the same neighborhood as The Mighty Lime , Twin Zebras , and Purple Booties.

At the very beginning of our house hunt the fourth place we looked at fell into the short sale category. This negotiating process goes back and forth, in writing on the contract, until …