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Oscar Oscar is offline
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Posts: 38
Default Ridiculous FHA rules


"dpb" wrote in message
...
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.


You do not know what an addendum is. Good grief, its in addition to a
contract offer.

I understand offers/counter offers, apparently you don't. The OP started
doing the work, not out of the kindness of their heart, but because at some
point there was an offer & acceptance. For some reason, you overlook of why
they are doing the work.