How Much Are the HUD Contract Closing Extension Fees?

Posted by WILMOTH Group on September 17, 2021
How Much Are the HUD Contract Closing Extension Fees?

If for any reason you are unable to close by the expiration date of your sales contract, you will have to file an extension form and pay a fee for a 15 day extension of your sales contract. The fee for the extension is as follows:

Contract Sales Price Equal to or Less Than $25,000

Extension fee is $10 per day = $150.00

Contract Sales Price Between $25,001 to $50,000

Extension fee is $15 per day = $225.00

Contract Sales Price Over $50,000

Extension fee is $25 per day = $375.00

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WILMOTH Group is headquartered in Indianapolis, Indiana and Fort Myers, Florida. We focus on providing creative local solutions for a variety of residential real estate needs including, properties for sale, property management services in Indianapolis, and short-term management services in Tampa and Fort Myers.