Prefer to talk in person? Find a mortgage specialist on Zillow
Profile picture for user2247518

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

  • June 21 2012 - Houston
  • 0
    0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

Answers (2)

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. 
  • June 22 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Your question cut off......

  • June 21 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.