Upon determination of the Asset Manager for the property you are purchasing, please select and complete the appropriate form. The form should be submitted with your Contract to the Asset Manager.
HUD EXTENSION REQUEST: If for some reason you or your lender are not ready to close by the 45 days expiration date of your sales contract your broker will have to file an extension form with Apline FP. You will have to pay a fee for a 15 days extension of your sales contract as follows:Extension requests are good for 15 days.
Contract Sales Price equal to or less than $25,000………Extension fee is $150 total ($10.00 per day) Contract Sales Price of $25,001 to $50,000…………………Extension fee is $225 total ($15.00 per day) Contract Sales Price over $50,000……………………………..Extension fee is $375 total ($25.00 per day)
If on the other hand the seller (HUD) is not ready to close you may be granted a fee waived extension with the approval of the Asset Manager contractor assigned to your property. Do not forward extension requests directly to the Asset Managers. National Title Solutions, Inc. will submit the extension request to the Asset Manager.
