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Updated almost 4 years ago,

Sean Price's profile image
Sean Price's profile image
Sean Price
  • Realtor
  • from Great Falls VA
  • Member since Apr 22, 2013
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User Stats

71
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16
Votes
Sean Price's profile image
Sean Price's profile image
Sean Price
  • Realtor
  • from Great Falls VA
  • Member since Apr 22, 2013
Connect
Sean Price
  • Realtor
  • Great Falls VA
16
Votes |
71
Posts
Foreclosures

How Much EMD on a $630k HUD home?

Sean Price
  • Realtor
  • Great Falls VA
Posted

Good morning all. I am an agent writing an offer for a client of mine on a HUD home. The ask price is $630k. I've never done a deal through HUD homestore before. I read an article saying that properties under $50k was a $500 EMD and properties over $50k was a $1000 EMD. Is that accurate or should my client expect to put more money in as an EMD? Any advice is appreciated.

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