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The LSU allows for delivery to the Seller within five days after contract acceptance.
09-07-2022About Mortgages. A Loan Status Update, also known as a LSU, is a document specific to the state of Arizona that shows updates to the transaction between a buyer and a seller.
We go through the LSU (Loan Status Updates) which is an Arizona specific form. This is an important form that lenders will need to send to the sellers throughout the purchase transaction.
LSU stands for Loan Status Update This definition appears somewhat frequently and is found in the following Acronym Finder categories: Business, finance, etc.
The term of your mortgage loan is how long you have to repay the loan. For most types of homes, mortgage terms are typically 15, 20 or 30 years. Explore loan term options. An origination fee is what the lender charges the borrower for making the mortgage loan.
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Loan Status Report means a report in a form, as mutually agreed to by Lender and Borrower, which sets forth, among other things, each Advance and the accrual of interest with respect to each Advance.
The LSU allows for delivery to the Seller within five days after contract acceptance.
The purchase contract prepared by the AAR requires the buyer to have a lender provide loan status updates to the seller and the real estate agents involved in the transaction using the specific Loan Status Update form. One issue of concern is that the forms are drafted for signature by the loan originator.

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