Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

HUD Is Passing Their Closing Costs On To Buyers!!!
Realtors read your Sales Contracts on HUD owned properties very carefully.  Loan Originator's contact your Attorneys and Escrow/Settlement Officers about possible extra fees to your Buyers, because HUD Is Passing Their Closing Costs On To Buyers!!!  Just when you think government could not get sneakier, and slimier they prove you wrong.
I do not do a lot of HUD owned property Loans, but some time within the last year HUD has changed their closing procedure.  This was done without ANY notice to Lenders, or they did an excellent job of hiding the information. 
Under HUD's new procedure when a HUD Sales Contract is receive their will be a new form called "Buyer Select Escrow/Settlement Company Addendum", read it very, very  carefully, especially the first paragraph which reads:
"For properties identified for the "Buyer Select" closing agent program, the buyer will choose their own Escrow/Settlement Officer.  HUD will pay the buyer's settlement fee to the extent that closing cost assistance was requested on Line 5 at time of bid submission and there are sufficient funds remaining to pay the fee.  Please note Line 9 of the HUD-­‐9548 Sales Contract must be filled in with the closing agent listed on this form."
The "Closing Assistance" HUD  is referring ... more

__________________________________________________
Are you on The Rain? Grow Your Network!