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What does "Padding the Hud" mean?

My husband and I are in the process of buying a short-sale home.  We have been waiting for the seller's lenders to give their approval for 2 1/2 months now.  We got word yesterday that they are very close (after they already counter our offer and we countered the counter).  We are going to do a conventional loan as well.  The seller's Realtor told our Realtor that the negotiator finished padding the hud.  What does that mean and is this a problem for us?
  • May 21 2010 - Spokane
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Answers (1)

HMarie8 - your Realtor is the best person to ask this question.  He or she should be intimately familiar with your specific transaction and the figures involved.  Is he or she not answering your questions?
  • May 21 2010
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