One of the most unique and challenging components of the short sale transaction is the creation of the estimated settlement statement. The short sale lien holders request an estimated settlement statement when you submit the short sale offer. They do this because they want to know their bottom line—how much they are going to net at the end of the day.

The truth is that before we got into this wave of short sales, I didn’t spend too much time focusing on the settlement statement. I would eyeball my clients’ estimated statements shortly before closing, and if everything looked good, we would be good to go.

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