Back in the day (early 2000's), I guess it would have depended on whether it closed and whether or not the title company strictly used the Underwriter. I know when we closed that a lot of time the Underwriters would either wipe the search because they knew that there was always another closing coming or I think that they would adjust the price down to a miniscule amount so that they collected "something", for their trouble. When you close on a HUD, the file has to Balance to Zero, where the disbursements (debits) = the monies (credits), then your file is in check. The only scenario that I can think of with the new Hud (since 1/2010) is that search funds will be cut from Escrow directly to the Title company and they disburse from their own Operating/Administrative account. Remember now it just shows as one Lump amount on the HUD. It would be best to get a viewpoint from someone who also currently puts together HUD's. I don't know from the latest program how it is allowed to be broken out. I am sure that there has got to be a set in stone standard. Thoughts anyone?
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