No contract has been written yet. We've been negotiating with the bank verbally through our realtor and we finally reached $65,000 cash and we pay closing. When we asked the cost of closing, we were told under $700 but we know from our existing home and some friends that have purchased foreclosures, taxes were paid a year in advance. If the tax value is $139,000, how are the closing under $700, when a title search will cost us close to $300, recording fee of $35 and the lawyer will be almost $200. That leaves little for the taxes valued at $139. But, where can I get my hands on the Hud paper your referring to outside of my realtor if possible?