Ridiculous FHA rules
Sell to someone else or suggest the buyers seek another lender.
On Aug 10, 10:12*pm, rile wrote:
We are selling a house to a buyer using an FHA mortgage. *There is a
rule, because of lead paint, that any house built before 1978 cannot
have any "peeling, checking or flaking paint". *The property has no
lead paint....all buildings have been repainted since the late 80's.
An inspector came out, rejected it for that reason. *My son and I
scraped, power washed, scraped again, and painted. *They guy has come
back two more times and still rejected it. All he does is walk around,
take pictures and make a recommendation. *He doesn't touch the paint,
scrape it or anything. *All of the paint is tight. *The worst is, the
buyers don't want us to do the painting...they want to repaint it a
different color.
Any ideas....we are at the ends of our wits.
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