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[email protected] salty@dog.com is offline
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Default Ridiculous FHA rules

On Tue, 11 Aug 2009 21:28:12 -0400, "Oscar" wrote:


"dpb" wrote in message
...
Oscar wrote:
"dpb" wrote in message
...

Afaict there is no contract w/ the seller at this point...he apparently
has an offer but that's no contract...


You missed the OP original statement. "We are selling a house to a
buyer using an FHA mortgage."
FHA just doesn't go around inspecting houses, because someone is
thinking about buying this one or that one. There must be an offer &
acceptance.


Obviously there's an offer; apparently OP is satisfied w/ the pricing as
he made some attempts to satisfy the conditions of an (pretty obviously
contingent) inspection but that still doesn't lead to there actually
being any contract yet in place. There's an existing document that could
conceivably turn _INTO_ a contract, but it ain't one at this point.


Every state has this addendum. The seller _must_ sign it b/4 selling FHA. I
do notice, they have where the seller can put a $$ amount in, in order to
cap off meeting FHA minimum standards.
http://realestate.utah.gov/REForms/N...A_addendum.pdf

Oh, but you are wrong, it is a contract. Stating there's not one now, the
seller would have to be a lunatic to go through what they are going
through, just because someone is interested? Surely you're smarter than
that.





Nothing in that addendum legally compels the seller to fix anything
unless he wants to complete the sale. If the seller wants out, all he
has to do is... NOTHING. He cannot be forced to fix so much as a
dripping faucet if he decides he doesn't want to complete the sale.