HUD Guidelines 24 CFR 206.125
Does anybody have any experience with these sales? Seems like strict guidelines with a reverse mortgage foreclosure.... I have read guidelines where they may or may not accept an offer of 95% appraisal value (list price). I have also read they require minimum 60 days closing and $1000 EMD but they have countered our offer wanting quicker closing and more $ in the EMD.... can anybody give me any insight?