New news, not sure how they are getting away with it but here is a paste and copy from e-mail converstaion............so beware before putting in offer with a FHA loan.

ME:

Hi Jeff,  

Me again!  Just got word that HUD will only pay up to 4,000 worth of painting?????  So there homes now offered on line that need more then that and are offered as FHA, but clearly can not go FHA as we cannot stabilize...........one of my fellow associates had a ratified contract and they took it back!!!!!!!  How can that be after it was advertised and sold that way.............should I be looking at all the Lead Base paperwork on line to be sure it does not require more then 4,000 worth of painting before putting an FHA offer on a property????

MCB REP:

Michelle, We are fighting this but right now YES this is the case.  HUD has now come out as of Sept 1^st and said that if the LBP estimate is over $4000 then it will have to be switched to Conventional or Cash.  No if's and's or but's.  We are working w i th HUD to change all the listings to UI if this is the case but my suggestion is to look at the LBP inspection and if it is over $4K estimate then do not write it as FHA.  HUD is currently making NO Exceptions.  If you can not go Conventional or Cash then you will have to cancel and HUD will refund the EMD. Don't kill the messenger.  Came from Washington DC.

ME:

Yeah, I know i t is not you!!!  I just do not understand how they can take away the ones that were ratified..........this really does not seem legal, as they signed off on an acceptance right???

MCB REP: NO answer as of yet!  Surprised?????