Instructions to Extend a HUD Contract:
If the contract cannot close by the contract expiration date, purchasers may request an extension of the closing
date. All extensions are for 15 calendar days. The extension request should be submitted to
email@example.com 5 days prior to the contract expiration date. Originals are not required.
1. Completely fill out the top section of the extension request form including the selling agent information
and the reason for the delay. The lower section is for asset manager use only.
2. All purchasers must sign the extension form. No electronic signatures are permitted on extension forms.
3. If contract is a cash sale, current proof of funds must be submitted with the extension.
4. If the sale is being financed, a current loan status letter must be submitted with the extension. The letter
must state the current status of the loan, any major outstanding conditions and the anticipated closing
date. It must be signed by the lender, have a current date and include the lender’s full contact
information including email address. Boilerplate pre-approval or pre-qualification letters will be
5. If an extension fee is required, the fee must be payable to HUD and it must be a certified check or a
money order. We do not accept personal checks, business checks, credit cards or wires.
The extension fee is based on the contract sale price.
$150 ($10 per day) if sales price is $25,000 or less
$225 ($15 per day) if sales price is more than $25,000, but less than $50,000
$375 ($25 per day) if sales price is equal to or more than $50,000
The extension fee must be sent to:
c/o Chronos Solutions
3009 Glacier Pass Lane
Cedar Park, TX 78613
6. If there are any questions regarding the extension process, email your question to
Please note that regardless of the reason for the extension request, the buyer’s agent must submit the
extension request form to firstname.lastname@example.org prior to contract expiration in order to remain under
contract. This means that even if the reason for the delay is a seller side issue such as a title delay or HOA issue,
the buyer’s agent is responsible for submitting the extension request form along with all required
documentation. Per HUD, expired contracts are subject to cancellation with earnest money forfeited to HUD.
Refer to the contract for the full extension fee policy.