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Aurora has aproved a short sale but offered the second $0.

After negotiating the second (STCU a small local crdit union) will take  $5K.

The buyer is willing to pay the $5K.

There are additional closing costs that Aurora did not offer to cost, approx $570.

We are having issues as to wher this information appears on the HUD-1.  I am thinking line 409 as a POC for the $5k and I am not sure where the additional closing costs fees fit.

Should the adendum to the purchase and sale agreement be made for the $5570 with the defiency being waived and then increase the purchase price?

If you have any HUD-1's you can e-mail me or fax me giving examples of what has worked I would really appreciate that.  I'll take samples of any HUD-1's you're willing to offer.  I am willing to share what I get minus the person's office and personal client information.

I have an attorney on board but we are having issues getting the answers from the banks as to what will work.

No cover letter necessary.  I am a one person office.

I only have until Januaty 10th to close.

Teresa Simon

509 535 6500

Fax 509 532 8000

tj@alacartenw.com

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I am in the process of negotiating an offer for a buyer attempting to purchase a home involved in the HAP program for military servicemen.  The buyers requested the seller to provide closing cost assistance.  The seller rejected the offer stating that the HAP negotiator assigned to him told him that HAP does not pay any buyer closing expenses.  I did some research and found 32 CFR 239.4 part 239 which states " HAP will reimburse the seller for limited contributions made to the buyer’s portion of closing costs, including appraisal cost and realtor fees".   This seems to contradict what we have been told.  Has anyone had any HAP transactions close where the seller was reimbursed by HAP for conrtibutions made to buyers closing expenses?