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Updated about 12 years ago,
Does assignment fee have to go on Hud?
Ok, so I haven't done one of these in a really long time and for some reason the hud is missing in the file of the last one i did so I assume the fee never went on the hud or I'd have a copy of it.
I have a deal signed up for $25k and now have a cash buyer for $35k the attorney I'm in touch with thinks that the sale price on the hud has to show $35k because of transfer tax reason's. He thinks the state will come after him/seller if they find out their was more money involved in the deal? I didn't think that this was the case because a assignment fee is just that, a "fee" and not part of the $25k purchase price of the original contract that is being assigned. Thoughts?