NET to HUD

[Juan Medina]

I got a counter offer from HUD and they want a net amount value for HUD.

if the net amount is 100,000; should I place a bid for $106,383 to cover the seller and the buyers fees (6%)? am I missing any fees? 

Thanks

[Greg H.]

@Sebby Gabre Madhin

HUD will pay up to 3% of allowable buyer's closing costs. As stated , HUD only considers the net to HUD so the closing costs would need to be added to the bid as well