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Foreclosures

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NA Jones
  • Flipper
  • Port Deposit, MD
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Chances that HUD will renegotiate?

NA Jones
  • Flipper
  • Port Deposit, MD
Posted Jan 16 2015, 17:17

Under contract with HUD for a fixer upper... contract price is the bare minimum net HUD would accept, and intend close with cash.

Survey results were a bit.. murky... due to a boundary agreement filed about 20 years ago  for an easement where the garage roof overhung the neighboring properties by approximately 2 feet.  The garage no longer exists.

Title insurance underwriter quite possibly might require a boundary survey which I'm told is quite costly.

Any chance HUD might be willing to foot the bill for such survey? Or split the cost?

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