I received ATP for $50k list price with HUD netting $44k by 2/21/14.  They are offering the homeowner a incentive of $3k.  There are no Jr. liens and we have a cash buyer.  Is the the $44k minimum that HUD is willing "NET" inclusive of the $3k? or is that a separate transaction that does not affect the "NET" amount?  Where does it need to go on the HUD? 

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It affects the net.

I haven't experienced this Kevin.  Maybe it varies from bank to bank?????  I would think with it being FHA that it would be an across the board rule.  hmmmmmmm

FHA PFS are tough on lower priced properties.  you'll more than likely need an offer great than appraised value.

It isn't a part of the net so the bank would actually get $41K.   I put it on the HUD in the 500 section and put FHA seller incentive.  The bank will let you know if that isn't how they want it.

Hi Guys, quick question.

I have a going smooth NJ FHA Short Sale, however the BOA Negotiator explained to me that although the house has been in the market for over a year he has to start the negotiations at 88% and not at the 84% I understood they had to, because the time of marketing starts counting from the moment that they issue the ATP.

Which one is it, from initial exposure to the market or from ATP?

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