View Single Post
  #11   Report Post  
Posted to alt.home.repair
Oscar Oscar is offline
external usenet poster
 
Posts: 38
Default Ridiculous FHA rules II


"rile" wrote in message
...
I've read all the responses to my previous post and thought I'd make
my original post a little clearer.
First, I might have misled by using the term FHA. In fact, it's what
is called a Rural Development mortgage from the USDA. The rules for
acceptance are written out in a handbook that can be found online.
One of the rules states that there can be no "chipped, peeling or
flaking paint" on the outside of any buildings and fences that were
built before 1978. It has nothing to do with what is in the
contract. The mortgage is dependant on the approval of the appraiser.
He now rejected it for a fourth time. Why he did, we don't know. We
have nothing else we can do to the paint. He doesn't return calls or
emails. I have complained to the state office for Rural Development
and they are no help.
The buyers have decided to can the RD deal and get a conventional
mortgage. It is so screwed up because the buyers do not even want the
paint problem addressed. They want to paint the house themselves.
I have contacted my rep. and senator about the thing and am waiting to
see their reaction.


Oh boy, all that flaming over nothing! Thanks a lot!!!!! LOL