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Updated about 10 years ago on . Most recent reply

User Stats

280
Posts
171
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NA Jones
  • Flipper
  • Port Deposit, MD
171
Votes |
280
Posts

Chances that HUD will renegotiate?

NA Jones
  • Flipper
  • Port Deposit, MD
Posted

Under contract with HUD for a fixer upper... contract price is the bare minimum net HUD would accept, and intend close with cash.

Survey results were a bit.. murky... due to a boundary agreement filed about 20 years ago  for an easement where the garage roof overhung the neighboring properties by approximately 2 feet.  The garage no longer exists.

Title insurance underwriter quite possibly might require a boundary survey which I'm told is quite costly.

Any chance HUD might be willing to foot the bill for such survey? Or split the cost?

Most Popular Reply

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5,028
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2,573
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
2,573
Votes |
5,028
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Curt Davis
  • Flipper/Rehabber
  • Memphis, TN
Replied

Highly doubtful as your not dealing with understanding sellers. 

  • Curt Davis

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