HUD Handbook 4000.1 IV.B.2.b: List Price

Document
HUD Handbook 4000.1, FHA Single Family Housing Policy Handbook
Section date
Version in Zeitro Strata
Where
page 1646 of 1872

Page 1646

b. List Price (09/30/2016)

i. Definition

List Price is the “asking price” of a Property based on Market Value.

ii. Standard

HUD will offer a Property for sale at the list price based on Market Value, reflecting the highest and best use in the current market, competitive with Properties being offered by other sellers.

The AM will monitor assigned transactions to ensure that Properties are valued and sold in a manner in accordance with market conditions.

For vacant lots, HUD will offer the lots at the estimated Market Value of the lot based on comparable vacant lot prices, considering highest and best use.

Guideline text quoted as published by the agency. The latest published version governs. This is not an underwriting decision.