Processing cash sales or MFH credit sales on NP terms.

CFR · 2024-01-01 · US · Title 7

(a) (b) (1) (2) (3) (4) (5) (6) (7) (8) (i) The property will be conveyed in accordance with § 1955.141(a) of this subpart. (ii) The purchaser will pay his/her own closing costs. Earnest money, if any, will be used to pay purchaser's closing costs with any balance of closing costs being paid by the purchaser. Any closing costs which are legally or customarily paid by the seller will be paid by Rural Development from the downpayment. (iii) The County Supervisor or District Director will provide the closing agent with the necessary information for closing the sale. The assistance of OGC will be requested to provide closing instructions for all MFH sales. (iv) When more than one property is bought by the same buyer and the (9) (10) (11)

official document · source cfr-2024 · id 7:§ 1955.118