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LOAN STATUS UPDATE (LSU) Document updated: September 2015 1. 2. 3. Pursuant to Section 2e of the Contract, Buyer shall deliver to Seller the AAR Loan Status Update (LSU) describing the current status

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Who needs az lsu form:

1. Individuals who are applying for or renewing certain government benefits, such as food stamps or Medicaid, may need to fill out the az lsu form.
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Music I'm Eddie Janelle, and I'm Tom Can for the mortgage brothers team everyone and this is their 16th podcast whew Oh 16 that's right we're still going let's try and uh I hope we have there been listeners out there, and you know what Tom what are we gonna talk about today for all right today I hope everyone's sitting down we're talking about LSU's loan status updates they're like love notes to these sellers that's right we're not we're LSU's these this is not football it's not college football everyone this is loan status updates loan status updates and be thinking like what does that matter you're just updating that you know the loan status yes the only reason why we're really covering this is that they're just so important to the sellers because the sellers are like they're locked in a little prison cell in terms of not knowing exactly what you could have afforded for the house what you would have paid for it how qualified you are they know you got a prequel, but they're really just kind of you know waiting for their home to sell, so they can move on with life and this is their little love note that says okay this is how the borrowers are doing this is how the loan is progressing that's right this is something that Arizona real estate association or the sorry the association of realtors in Arizona have put together just like the have the contract they have the pre-qualification form that we actually have address on another podcast things podcast 15 and then this loan status update the LSU these are all lyncher these are all referenced and in the contract and so the LSU I'm a Tommy just tell me if you'm going to sit like right from the top it's a two-page form and on page one it's going to have a lot of the same information 90 of the information that was on the pre-qualification form that we give to a buyer that they yeah it actually looks exactly like the pre-qualification form and if you're not used to it, you will think it is the prequel so anything the only thing noteworthy there is it's 90 the prequel the other ten percents just added information names of you know the buyer I believe the sellers on their Chow the seller buyer seller property address without the interest rates locked so just some very, very basic things but page one yeah the literally screws on there that yeah so loan amount right and all whether the documentation to income the assets you know like the pay stubs w-2s have been received and so right and if you're not familiar with the contract it requires that the buyer provide this to the seller technically it only requires the buyer to send out one, and it's usually within ten days of contract acceptance so if someone's nervous where's my LSU you know don't worry you know typically the LSU's are given you know far in advance of ten days but the contract contemplates you know a ten-day period yeah our team we like to send out these LSU's you know two to three days after the contract accept, and so we'll be way ahead of...

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What is az lsu form?

The AZ LSU form is a specific tax form used in Arizona for reporting certain business activities and income.

Who is required to file az lsu form?

Businesses operating in Arizona that meet certain criteria related to gross income and business activities are required to file the AZ LSU form.

How to fill out az lsu form?

To fill out the AZ LSU form, you need to provide your business information, report applicable income and expenses, and follow the instructions provided on the form itself.

What is the purpose of az lsu form?

The purpose of the AZ LSU form is to ensure compliance with state tax laws by collecting information on business income, which is used for calculating state tax obligations.

What information must be reported on az lsu form?

The information that must be reported on the AZ LSU form includes business identification details, income figures, expense reports, and any other pertinent financial information required by the state of Arizona.