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I am buying a HUD home asking price of $55k, and it was appraised for $52k today. My Q is: Can i pay

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June 21 2012 - Houston
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Answers (2)

Profile picture for rachelgdunham
I don't see the full question, but you have some choices as far as purchasing.  You can pay the excess, but if you are financing the home, your lender will only lend the percentage they agreed based on the new appraised value.    You also have the right to renegotiate with HUD (which I recommend) based on the new appraised value. 
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June 22 2012
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Your question cut off......

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June 21 2012
 

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