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Updated over 11 years ago,

User Stats

25
Posts
1
Votes
Terri D.
  • Alexandria, VA
1
Votes |
25
Posts

Closing on HUD Property

Terri D.
  • Alexandria, VA
Posted

I'm scheduled to close on my first HUD property this week, and I have a potential buyer for my property. I'm wondering the following:

1) Can my end buyer funds be used to close on A&B part also;
2) Since HUD property can not be assigned, and double closing is necessary is there a time period before re-sell to end buyer.
3) The electric is off at property, so is it necessary to have electric turned on for end buyer to have their inspection, or should I stipulate that property is sold as is and property electric will not be turned on for this inspection, but only when the property is sold to buyer (end buyer made offer before inspection of property)
4) Any feedback would be helpful. I'm just trying to get this to the closing table and put behind me. Thanks

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