Will HUD pay known special city assessment
I am about to bid on a HUD property that has a $3,500 city special assessment. HUD lists that they only pay prorated amount of assessments on a property they own. We were considering adding that amount on the bid form under closing costs that we want HUD to pay.
If I bid the minimum that HUD will accept, then add the 3,500 to what I want HUD to pay in closing costs for the assessment, will that then make the bid too low and not get accepted? It affects the net that HUD would get but does it also affect the percentage that would be the lowest accepted?
It's also possible that HUD just will never pay for city assessments(road improvements, sewer, etc.) Does anyone know if it is just prorated and that's it that they pay?
Thanks
Jason