Im in a tough situation with an FHA backed SS. The second lien is a grant form the city but its backed by HUD. They are sticking to full payoff. Do you know if the new HUD guidelines changed the max allowance to junior lien holders or if its still 1500 plus the 1k from the seller incentive? The FCSLDT is scheduled for December 12th. Any help is greatly appreciated!Thanks a million!
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the seller incentive is now $3000 and that only applies if the property is owner occupied. the entire amount can be used to satisfy Jr. Liens.