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#147997 - 01/09/04 05:42 PM Settlement Agent on HUD-1
Peridot Offline
100 Club
Joined: Jan 2004
Posts: 119
Rural Minnesota
Can a seller be listed as the settlement agent on the HUD-1?
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#147998 - 01/09/04 05:50 PM Re: Settlement Agent on HUD-1
Rocky P Offline
Power Poster
Joined: Jun 2003
Posts: 7,399
Florida
IMO, that would probably depend on state law, if the person is licensed, qualified and bonded to be a settlement agent. Because of potential conflicts of interest accusations, I'm sure that many would not want multiple roles.
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#147999 - 01/09/04 09:23 PM Re: Settlement Agent on HUD-1
Rob K Offline
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Rob K
Joined: May 2003
Posts: 165
Tennessee
I think the only situation in which the seller might be listed as settlement agent would be when a lender sells OREO (other real estate owned) property and closes the transaction in-house.
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