Do HUD pay seller's closing cost and HOA-Home Owner's Association fees.?

Kiritkumar
Home Buyer
33437

I am in process of buying HUD own property. Who pays Seller's closing cost and HOA past dues.

Answers (1)
Monika Depalo
Agent
New Smyrna, FL
FIRST ANSWER

Where are you interested in buying? Please e-mail me at relocateisapieceofcake@gmail.com
There is a link for more info at the end of this HUD info.

Closing costs that are automatically paid by HUD and those which may be paid if amounts are indicated on Lines 5 and/or 6a and 6b of the Sales Contract.

Closing costs automatically paid by HUD

•Proration of property taxes and any special assessments such as Homeowner’s Association (HOA) fees and utility bills

•Condominium or HOA Transfer Fee,if applicable

•Cost to provide condominium documents to purchaser

•Repair Escrow Fee of $200 where applicable

•Settlement or Closing Agent Fee The Department will only pay HUD’s contracted closing agent. This is the purchaser’s cost if another agent is chosen.

•Recording feess9 HUD will automatically pay recording
fees and charges for the deed only (i.e.,nominal amount charged per page for recordation).

Closing costs that MAY be paid by HUD

go to link--
hERE IS THE LINK: http://www.hud.gov/offices/adm/hudclips/notices/hsg/files/05-12h.doc

Mon Aug 24 2009, 12:32

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