Stuck On A Short Sale
I am in the final stages of a short sale. I have been very successful with all neg. w/ the bank. They have agreed in WRITTING to prorate the taxes up to a certain amount, pay the sellers (homeowners) closing costs, allowed a certain amount for commission, and agreed in writting as well for a certain amount of an incentive to the seller at closing. Once we get to the closing they (the bank) are trying to renig on their agreement to the incentive because of the tax proation. I am told that it is against HUD guidlines for that, however it has never been a propblem before in the past, and I do have the agreements all in writting and signed by the bank in the loss mid. dept. - my question is...... what now? I have been unable to locate HUD guidlines to check for myself-If anyone could help with feedback that would be great.
Thank You, 
I've not yet had an ocassion such that a mortgagee agreed to allow the mortgagor an 'incentive' other than agreeing not to pursue a deficiency, or report the transaction favorably to the credit reporting bureaus.
Call 1- 888-297-8625 for HUD Loss Mit procedural questions.
Thank You for your response, I have put the call into that dept and am waiting for some type of answer. They have put a call into the bank for me as well.