I bought a house 13 YRS ago, this house had been went previous to me buying it. I recived a loan for this house. I am now selling the house and had a contract on it and was supposed to close today. Last week the couple that was supposed to buy the house backed out and said their mortgage lender told them that FHA nor Conventional would not loan on a house that has been went. We had a disclosure statement saying it had been went that the lender saw 3 weeks ago. The lender sent a letter to the real estate agent stating what I wrote above. What can be done legally to rectify this if anything?
Tags: been, conventional, disclosure statement, FHA, FHA Mortgage, house, mortgage, mortgage lender, moved, qualify, real estate agent, saw 3, thatsPosts Tagged ‘real estate agent’
Can a house thats been moved qualify for a conventional or FHA mortgage?
Tuesday, March 9th, 2010HUD earnest money question?
Saturday, October 17th, 2009Hi, we recently received our sales contract back, and are ready to go. We had to place ,000 in earnest money in the escrow of our real estate agent. During the walk through, she told us that she cuts a check back to us at closing, so we were plotting on using this money for some repairs and furniture. This is a HUD home, and HUD is paying for 00 in closing costs. Well, I got an email from her today, and she said that the title company will credit us back the earnest money at closing. What does that mean "credit back". Will it go towards the mortgage, or will they give us a check? I heard that it would normally go towards closing costs. Uuuugh, this HUD stuff is getting harder and harder every day to deal with….
Tags: blog archive, boosts, closing cost, closing costs, earnest money, email, escrow, expert advisors, first time home, first time home buyers, forum topic, furniture, good faith estimate, google, google labs, HUD, HUD Homes for Sale, insurance check, misconception, mortgage, new single family, real estate agent, sales contract, time home buyers, title companyHud ratified sales contract?????
Sunday, October 4th, 2009Hi. Our bid was accepted on a HUD home on 8/11. We sent all of our paperwork in before the 48 hours. On Monday, my real estate agent received a fax back from HUD, saying that she did not fully fill out the front page (grrrrr!). She fixed all of the errors and over-nighted it on Tuesday, so they should have received it Wednesday (8/20). All she had to do was fill in an address and have her supervisor sign something. So that should be it, right? I’m wondering how long it will be, now, before we really receive the sales contract back? Do they send it to my house, or do they send it to the Real Estate Agent’s office? I guess I feel like it isn’t my house until I really get the sales contract back from HUD. I know we are lucky, since I heard that sometimes if your paperwork isn’t right, that they may place the house back up to be bid on. We should have heard something by now, if they weren’t pleased with the paperwork, right? The website still lists it as being accepted. I need to stop worrying……..
Tags: front page, HUD, HUD Homes for Sale, paperwork, real estate agent, sales contract, supervisor signSearch :
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