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Posted to alt.home.repair
Big Jim Big Jim is offline
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Posts: 29
Default Ridiculous FHA rules

You're never "at the mercy" of a buyer unless you are desperate.
Every buyer has a laundry list of things they want. Usually you agree
to fix some and the lets the others slide. House is sold everyone is
happy. I would have my lawyer contact the buyers with an official
letter demanding they secure a ortgage and set a closing date or the
deal is over. Add the fact that there was no specific repair list and
"inspector"s admissission of lack of expertise. The buyer will get
another mortgage if they really want the house. or they will put
pressure on the lender to get to the bottom of it.



On Aug 10, 11:03*pm, "Oscar" wrote:
Since you already agreed to sell it FHA to a buyer, I hate to tell ya,
you're at their mercy.

I had a property sold FHA, because I thought it would be best being a lower
value house. It was in the area of a military base. *Huge mistake on my
part. When I first signed the contract, I attempted to have a dollar amount
affixed of $4,500 for repairs. FHA won't play games, you do what they say..