[WSBARP] Who gets to see the HUD-1

[Rich Holland]

General question here:

 

I have what may be an academic question and it may not be.  Do all parties
get to see all of the HUD-1?  I ask because it is routine for the Buyer
not to see the Seller side but the Seller demands to see the entire HUD
and, at the same time, the Buyer’s agent wants to see the entire HUD
(usually to see the commission split) – but in law that is the same thing
as showing the Buyer the entire HUD – which the Seller objects to.  I have
not been able to find the legal authority to show to squabbling parties
why or why not they get to see or do not get to see the entire HUD.  It
all seems to be ruled by “that’s what’s always been done” and, candidly,
that’s not a good enough reason to me so any guidance on an actual rule or
statute or opinion would be appreciated.

 

Sincerely,

 

Richard L. Holland

 

Pacific Northwest Legal & Escrow, P.S.

733 7th Avenue, Suite 110

Kirkland, WA 98033

425-836-6240  / 425-748-3901 (fax)

 

 

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