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dpb dpb is offline
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Default Ridiculous FHA rules

Oscar wrote:
....
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.

....

It begins life as an addendum to a contract _OFFER_; it doesn't comprise
an enforceable _contract_ until executed by both parties.

Not only does it have the provision for limitation of cost of repair to
seller, look at the bottom--there's even a provision for counteroffer
from seller.

Again the reason for having counsel before jumpin' in--they know the
groundrules under which the game is played so to protect yourself from
inadvertently committing oneself to a sizable problem. And, of course,
they solve the COI problem of not having an agent actually representing
your own interests.

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