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Updated almost 4 years ago on . Most recent reply

Sean Price's profile image
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Sean Price
  • Realtor
  • from Great Falls VA
  • Member since Apr 22, 2013
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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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Sean Price
  • Realtor
  • Great Falls VA
16
Votes |
71
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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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Wayne Brooks's profile image
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Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks's profile image
Wayne Brooks's profile image
Wayne Brooks
  • #1 Foreclosures Contributor
  • Real Estate Professional
  • from West Palm Beach, Florida
  • Member since Jul 27, 2012
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
13,508
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Wayne Brooks#1 Foreclosures Contributor
  • Real Estate Professional
  • West Palm Beach, FL
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The more EM, the stronger the offer looks.

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