Extension Request Form
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The documentation being submitted with the request for extension must include the reason for delay,
verification of underwriter approval, and current status of the loan. All lender letters must contain the
signature of the loan officer or underwriter. Outdated lender letters will be rejected and extension
On cash transactions, proof of available funds must be submitted and dated within the past 15 days.
When there is a title, escrow or closing agent delay, supporting documentation and a summary of
action taken to date from the closing entity must be included with the request for extension.
FEES THAT MUST BE SUBMITTED
Fees must be submitted in certified funds only! The cost of the extension, when charged, is based on
the contract sales price. Fees must be submitted in increments of 15 days:
ALL EXTENSION FEES MUST BE MADE PAYABLE TO HUD!
In cases of seller delays (HOA, Title, LBP), the extension request must be submitted timely and
include the status of the loan or current proof of funds with the documentation outlined above.
The granting of one extension shall not obligate the Seller to grant additional extensions and the
Seller shall declare a Default for the Purchaser's failure to close the sale upon the expiration of the
original closing period or upon expiration of the extension.
Extension fees are non-refundable when a contract is cancelled, regardless of reason.
Contract Sales Price Extension Fee to submit
$25,000 or less $150 ($10 per day)
$25,001 to $50,000 $225 ($15 per day)
$50,001 or more $375 ($25 per day)