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Big Jim Big Jim is offline
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Posts: 29
Default Ridiculous FHA rules

Here in NJ you are considered a fool to buy/sell real estate without
an attorney. I don't know where you are at but here's how it works in
NJ. 1.Seller places home for sale at a price. 2. Buyer likes house ,
makes offer. 3. If offer is reasonable, contracts are drawn up with
estimated closing date, guarantee of C.O. if necessary , buyer agrees
to secure funding, buyer can inspect home and reject for defects and
so forth. 4.Attorneys review contract make changes if necessary. 5.
Buyer pays for inspections . 6. List of deficiencies is presented to
seller. 7. Seller agrees to fix some or allof them. 8. Buyer agrees
or walks away. 9. On closing day money changes hands and papers are
signed.. Of course the lender can reject a home with major defects
and therefore buyer cant buy and deal is dead. Just because you got
played doesnt mean everyone is like you. I've sold and bought several
houses. I've rejected buyers for wanting too much and walked away as a
buyer when seller wouldn't fix things. . My current home is 1935
vintage. Sure there may be some lead paint under layers of latex.
When I sell it I of course will repaint as necessary for appearance
but any buyer who thinks I will pay for total stripping etc can go
elsewhere.. I dont care who his mortgage lender is.


On Aug 11, 12:49*pm, "Oscar" wrote:
You really don't have a clue. When you enter into a contract to sell
FHA/VA, your laywer can't make exceptions. You either sell FHA/VA, or you
don't, it's that simple.

I suggest you don't reply to threads, to which you have no knowledge. The
more you reply, the bigger idiot you become.