wrote in message
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On Tue, 11 Aug 2009 20:08:02 -0400, "Oscar" wrote:


wrote in message
. ..
On Tue, 11 Aug 2009 16:22:49 -0400, "Oscar" wrote:
Actually, all he has to do is... NOTHING.

The house has failed the buyer's inspection. The seller has NO
obligation to make it pass. If the contract stipulated that the house
must pass the inspection fopr the deal to be completed, then guess
what? Game, set, match.


FHA is nothing like a selling conventional or even _as is_. When you
_agree_ to sell FHA, you must meet their regulations, not yours. In fact,
you can't sell FHA _as is_. That is part of the selling procedure.

But what dog is saying is the owner can simply refund the deposit and
tell the buyer this house will not ever pass FHA inspection it seems
and be gone.


No, the seller has obligations, which they are contractually bound by. I
see they do have places now, for the seller to cap off the $$ amount for
certain standards. This does not relieve them from their contractual
obligations. Since they now have $$ amount caps. I would say you're right,
once the contractual obligation is fulfilled.

Every state has this addendum, which _must_ be signed by both parties, in
order to go FHA.

http://realestate.utah.gov/REForms/N...A_addendum.pdf