8/3/2019 BOA FHA PFS Incentive on HUD-1

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FH,A lncentive

by" ($1,000 for the first 90 daYscompensation is paid tal the selCompany or attorneY.

date listed on the Approval tofrom Bank of Ameriaa's net

from ATP date andl $7:t{i) fi'at closing, ilu;t of 1.he ne,t I

artir;ipate fonm has elaps;ed). Troceeds and iip to be palid fo t

HUD-{ Prrepara'tions

r; by th,e Title

,demand,, recording,, re-help cover these costs.

is amount is deductede: seller art closing. Cash

illional Infrp,

Sornetimes preparing ttre HUD- for goverrmerfit short sal) cern be conFuping Thisr

inrtluding thie FHAincentive (Seller' s Compensatiunrilerstand this procedure. dlesigned to help;youAs stated on the ApProval to icipate (HUD fornr 900'45 'you succ'ess"fully clctse asale ofyour home undqr this P

icipate (HUD fornr 900'45.edure, you wiNl be paid coinc:rease to $11,0'0A if hhet s

ation oJ'-$7'50 atclosing. Your comPensation wi ylur przperty closesythLing past 90 days) This

This amount has been included incost. This amount must aPPear ontotal ciosing gost and is nour: HUD 1 Se:ttlement [itilte i1.ion to the total cl,osingtroth as a creriit then as a

debit. Once the revised LIJD is ive,J I will fax eur demanrjl w iring insl,ruc;tions anddor;uments for the seller to sign at

Line 400's: HUD incentive fee $1,Line 500's: HUD incentive fee 51,ThLis should be a "wash"Line 504: $Lirne 603: $

'r"tgit't'rr $e+:' t g

In the event there are non-allo expenses (Il]elease Jr. Li udgmentr;, FlomeWarranty, Survey, Pest InsPecti ns, Utilities, rppair reimbus Title Insurzurlce fee, s,tartet;tc) the incentive can be us

e,nts or allor;vances. doc

Bank of America prepa

prep charges, notary fees, Lendconveyance, or late charge fees..Tfre most allowed for courier/wire d overrriS;ht is $30The max HUD will allow for fees is $1,000, $1,1i00 if iding title insurance, butHtJD has to review the l-'lUD-1 in ance if there are attorneY make sure the claim won'tget turned down due to excessive

and recrords fheir owrtE),ependintg $!t wEeetEaer ox" xe*$ ke,r"e aE* Eltl$t aEBq)'ffi'e* frx ? we arl{rrs$ rgEatlw **seillecclfive in *r: * ofltBtc 2 fl*f,$ r$.$s; every,"s:No Non-Allowed ExPensesThis is the simple one. All that"I]HA Incentive" for 5[l,000 an eds to be done is to

puLt tkie pensation to the sr:ller asere in the :J00s section qf e FIUD-1 (or $750 i:f the

mter

3fl$.

endt

're

to seller on line 603 is to remai at $0.

8/3/2019 BOA FHA PFS Incentive on HUD-1

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If there are Non-Allowed expeIn rrnany cases, there are non-all wo