Zillow Advice: Buying a Foreclosure - Will HUD renegotiate contract terms after contract is accepted? http://www.zillow.com/advice-thread/Will-HUD-renegotiate-contract-terms-after-contract-is-accepted/462009/ Zillow Advice | Zillow Real Estate HUD homes are sold as is. ... http://www.zillow.com/advice-thread/Will-HUD-renegotiate-contract-terms-after-contract-is-accepted/462009/ HUD homes are sold as is. HUD allows 15 days for you to back out if your inspector finds a significant&nbsp;structural or roof issue or defective components within the mechanical&nbsp;and operating systems. Most likely they will not change the escrow amount. However, renegotiation depends on the Asset Manager. You can attempt to send an amendment to the contract with the inspection report asking to renegotiate the price to a specific amount. If the Asset Manager says no, then you have the legal right to back out and submit a new bid as long as the issues fall in their cancellation&nbsp;contingency. Sun, 30 Sep 2012 05:14:00 GMT http://www.zillow.com/advice-thread/Will-HUD-renegotiate-contract-terms-after-contract-is-accepted/462009/ 2012-09-30T05:14:00Z You can certainly ask. I ... http://www.zillow.com/advice-thread/Will-HUD-renegotiate-contract-terms-after-contract-is-accepted/462009/ You can certainly ask. I doubt that you will be able to simply increase the repair escrow because the house would have to appraise for enough to cover it. More likely you will have to try to renegotiate the price also. If you are getting an FHA loan and the appraiser requires the items to be repaired, they are more likely to address the issues, in my experience.<br/> Sun, 30 Sep 2012 04:55:00 GMT http://www.zillow.com/advice-thread/Will-HUD-renegotiate-contract-terms-after-contract-is-accepted/462009/ 2012-09-30T04:55:00Z They don't generally renegotiate ... http://www.zillow.com/advice-thread/Will-HUD-renegotiate-contract-terms-after-contract-is-accepted/462009/ They don't generally renegotiate after the contract is approved. I have had a few where the inspection showed obvious items that were not disclosed in the sellers pre-inspection. It really comes down to what the item is - ie: Mold would be one if it wasn't disclosed. Sun, 30 Sep 2012 04:12:00 GMT http://www.zillow.com/advice-thread/Will-HUD-renegotiate-contract-terms-after-contract-is-accepted/462009/ 2012-09-30T04:12:00Z